Deadline Approaching for Primoris Services Investors in Fraud Suit
News related to:Primoris Services Corporation · 2 min read
NEW YORK, Sept. 11, 2026 /CourierPR/ -- Rosen Law Firm, a global investor rights law firm, has reminded investors of a critical deadline in a securities fraud lawsuit against Primoris Services Corporation (NYSE: PRIM). The firm is urging investors who purchased the company's common stock between August 5, 2025, and June 22, 2026, to act quickly to potentially join the lawsuit.
According to the lawsuit, Primoris Services Corporation is accused of making false and misleading statements regarding its cost estimation, cost-to-complete forecasting, and project oversight processes. The lawsuit claims that these processes failed to provide reliable estimates of the costs and expected profitability of significant fixed-price renewable energy projects. As a result, the company is alleged to have systematically underestimated the costs and risks of projects that were experiencing material cost overruns, execution problems, and schedule delays.
Rosen Law Firm, known for its track record in handling complex securities class actions, is leading the case. The firm has achieved significant settlements in the past, including the largest ever against a Chinese company. The firm's managing partner, Laurence Rosen, emphasizes the importance of selecting experienced counsel for such cases.
The lawsuit alleges that Primoris' financial guidance and statements regarding its ability to manage project risk and financial performance lacked a reasonable basis. When the true details entered the market, the lawsuit claims, investors suffered significant losses.
The deadline for investors to move the court to serve as lead plaintiff is September 21, 2026. Lead plaintiffs are representative parties acting on behalf of other class members in directing the litigation. The firm notes that no class has yet been certified, and until a class is certified, investors are not represented by counsel unless they retain one.
Rosen Law Firm has a history of success in leadership roles, having been ranked No. 1 by ISS Securities Class Action Services for the number of securities class action settlements in 2017. The firm has recovered billions of dollars for investors, including securing over $438 million in 2019 alone.