Newsfile Corp
11 Aug 2026, 17:49 UTC · 2h ago
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Primoris Services Corporation (PRIM) is facing a class action lawsuit alleging systematic underestimation of costs and risks for fixed-price renewable energy projects. — Allegations of systemic cost overruns and deficient forecasting in a core business segment suggest potential margin erosion and future earnings misses.
-0.60The lawsuit claims Primoris' cost-to-complete forecasting and project oversight processes were deficient and lacked a reasonable basis. — Poor internal controls and unreliable financial guidance undermine investor confidence in the company's reported financial health.
-0.40The deadline for investors to move the court to serve as lead plaintiff in the PRIM securities litigation is September 21, 2026. — While a procedural deadline, it maintains the legal pressure and visibility of the ongoing litigation.
-0.10Which stocks this story touches
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The company is facing a securities class action lawsuit alleging misleading statements regarding project costs and profitability.
The company is mentioned as being subject to a securities class action lawsuit.
The company is mentioned as being subject to a securities class action lawsuit.
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