LOS ANGELES, Aug. 5, 2024 /PRNewswire/ -- The DJS Law Group reminds investors of a class action lawsuit against Centuri Securities ("Centuri" or "the Company") (NYSE: CTRI) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.
Shareholders who purchased shares of CTRI during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointments. Appointment as lead plaintiff is not required to partake in any recovery.
CASE DETAILS: The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Centuri announced on June 26, 2024, that its CEO would be resigning from the Company, resulting in a 15.6% drop in share price the next day. The Company released its second quarter 2024 financial results on July 29, 2024, missing consensus estimates. The Company blamed its poor performance on "reduced offshore wind activities primarily due to the cancellation of a project in late 2023." Based on this news, Centuri's shares fell 22.4% on the same day.
If you are a shareholder who suffered a loss, contact us to participate.
WHY DJS LAW GROUP? DJS Law Group's primary focus is to enhance investor return through balanced counseling and aggressive advocacy. We specialize in securities class actions, corporate governance litigation, and domestic/international M&A appraisals. Our clients are some of the largest and most sophisticated hedge funds and alternative asset managers in the world. The litigation claims of our clients are extraordinarily valuable assets that demand respect, focus, and results.
Join the case to recover your losses.
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CONTACT:
David J. Schwartz
DJS Law Group
274 White Plains Road, Suite 1
Eastchester, NY 10709
Phone: 914-206-9742
Email: David@djslawllp.com
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SOURCE DJS Law Group LLP
