APPROACHING DEADLINE: Lundin Law PC Announces Securities Class Action Lawsuit against U.S. Concrete, Inc. and Reminds Investors with Losses to Contact the Firm

5/11/2017, 9:17 PM (Source: GlobeNewswire)

LOS ANGELES, May 11, 2017 (GLOBE NEWSWIRE) -- Lundin Law PC , a shareholder rights firm, announces a class action lawsuit against U.S. Concrete, Inc. (“U.S. Concrete” or the “Company”) (Nasdaq:USCR) concerning possible violations of federal securities laws between March 6, 2015 and March 23, 2017 inclusive (the “Class Period”). Investors who purchased or otherwise acquired shares during the Class Period should contact the firm prior to the May 30, 2017 lead plaintiff motion deadline.

To participate in this class action lawsuit, click here.

You can also call Brian Lundin, Esq., of Lundin Law PC, at 888-713-1033, or you can e-mail him at brian@lundinlawpc.com.

No class has been certified in the above action yet. Until a class is certified, you are not considered represented by an attorney. You may also do nothing and be an absent class member.

According to the Complaint, during the Class Period, U.S. Concrete made false and/or misleading statements and/or failed to disclose that the Company lacked effective internal controls over financial reporting and thus its public statements were materially false and misleading at all relevant times. On March 24, 2017, U.S. Concrete filed a Current Report on Form 8-K with the Securities & Exchange Commission, announcing the resignation of the Company’s CFO Joseph Tusa, and advising investors that the Company dismissed its previous auditor, Grant Thornton LLP, and engaged Ernst & Young LLP as its new public accounting firm. Following this news, U.S. Concrete’s stock price fell materially, which caused investors harm according to the Complaint.

Lundin Law PC was founded by Brian Lundin, a securities litigator based in Los Angeles devoted to upholding shareholders’ rights.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

Contact:

Lundin Law PC
Brian Lundin, Esq.
Telephone: 888-713-1033
Facsimile: 888-713-1125
brian@lundinlawpc.com
http://lundinlawpc.com/

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