Primoris Investors Face September Deadline in Securities Fraud Lawsuit

The lawsuit centers on claims that Primoris failed to accurately report the costs and profitability of its fixed-price renewable energy portfolio. According to the complaint, the company’s internal estimation and forecasting processes were fundamentally flawed, leading to systematic understatements of project risks, execution delays, and material cost overruns. Plaintiffs contend that these omissions caused investors to purchase stock at artificially inflated prices before the true financial condition of these projects was revealed.

Investors who purchased common stock during the specified period may participate in the litigation under a contingency fee arrangement, meaning no out-of-pocket costs are required to join. While the court has not yet certified a class, those interested in serving as lead plaintiff must move the court by the September 21 deadline. Rosen Law Firm, which has previously secured significant settlements in securities litigation, is managing the case and encourages potential class members to review their legal options before the window closes.