NEW YORK, March 30, 2017 /PRNewswire/ -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC notifies investors that a class action lawsuit has been filed against U.S. Concrete, Inc. ("U.S. Concrete" or the "Company") (NASDAQ: USCR) and certain of its officers, on behalf of shareholders who purchased U.S. Concrete securities between March 6, 2015 and March 23, 2017, both dates inclusive (the "Class Period"). Such investors are encouraged to join this case by visiting the firm's site: http://www.bgandg.com/uscr.
This class action seeks to recover damages against Defendants for alleged violations of the federal securities laws under the Securities Exchange Act of 1934.
The complaint alleges that throughout the Class Period, defendants made materially false and misleading statements and failed to disclose that: (1) U.S. Concrete lacked effective internal controls over financial reporting; and (2) consequently, defendants' statements about U.S. Concrete's business, operations, and prospects, were false and misleading and/or lacked a reasonable basis.
On March 24, 2017, U.S. Concrete revealed the resignation of its Chief Financial Officer, Joseph Tusa, and advised investors that it had dismissed its previous auditor, Grant Thornton, and engaged Ernst & Young as its new public accounting firm. Following this news, U.S. Concrete stock has dropped as much as $7.30 per share, or 10.94%, during intraday trading on March 24, 2017.
A class action lawsuit has already been filed. If you wish to review a copy of the Complaint you can visit the firm's site: http://www.bgandg.com/uscr or you may contact Peretz Bronstein, Esq. or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484. If you suffered a loss in U.S. Concrete you have until May 29, 2017 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm's expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Hurwitz
212-697-6484 | firstname.lastname@example.org
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