Kaplan Fox Files Securities Class Action Against Primoris Services
News related to:Primoris Services Corporation · 2 min read
NEW YORK, Sept. 16, 2026 /CourierPR/ -- Kaplan Fox & Kilsheimer LLP has announced the filing of a securities class action lawsuit against Primoris Services Corporation (NYSE: PRIM) on behalf of investors who purchased the company's stock between August 5, 2025, and June 22, 2026.
The lawsuit alleges that Primoris misled investors by falsely representing its ability to manage risks and accurately forecast revenues, margins, and earnings. According to the complaint, the company claimed to maintain "disciplined bidding," "well-developed estimating processes," effective project controls, and reliable cost forecasting. However, the truth was revealed through a series of disclosures between February 23, 2026, and June 22, 2026, which indicated significant cost overruns, project delays, and execution challenges affecting six renewable energy projects.
Primoris announced that an internal review, supported by an independent third-party industry expert, had identified these issues. The company's stock price likely suffered as a result of these revelations, leading to potential losses for investors within the defined class period.
Kaplan Fox & Kilsheimer LLP, a nationally recognized law firm with offices in New York, Oakland, Los Angeles, Chicago, and New Jersey, is handling the case. The firm has a history of prosecuting complex litigation, including landmark cases such as the $2.425 billion recovery for Bank of America shareholders and the $800 million recovered for the Arkansas Teacher Retirement System and other pension funds.
Investors who believe they may have suffered losses due to these alleged misrepresentations are encouraged to contact Kaplan Fox & Kilsheimer LLP. The deadline for those seeking to serve as a lead plaintiff is September 21, 2026. If you are a member of the proposed class, you may move the court to serve as a lead plaintiff by that date. However, you do not need to seek to become a lead plaintiff to potentially benefit from any possible recovery.
The complaint highlights the importance of accurate financial disclosures and the potential consequences for companies that fail to provide truthful information to their investors. The case underscores the ongoing scrutiny of corporate practices and the legal recourse available to those affected by misleading financial statements.