Inactive Instrument

U.S. Concrete, Inc.

USCR

US90333L2016

Robbins Arroyo LLP: U.S. Concrete, Inc. (USCR) Misled Shareholders According to a Class Action

June 09, 2017 at 05:56 pm EDT

Shareholder rights law firm Robbins Arroyo LLP announces that a class action complaint was filed against U.S. Concrete, Inc. (NASDAQ: USCR) in the U.S. District Court for the Northern District of Texas, Fort Worth Division. The complaint is brought on behalf of all purchasers of U.S. Concrete securities between March 6, 2015 and March 23, 2017, for alleged violations of the Securities Exchange Act of 1934 by U.S. Concrete's officers and directors. U.S. Concrete produces and sells ready-mixed concrete, aggregates, and concrete-related products and services for the construction industry in the United States.

View this information on the law firm's Shareholder Rights Blog: www.robbinsarroyo.com/shareholders-rights-blog/u-s-concrete-inc

U.S. Concrete Accused of Deceiving Shareholders in SEC Filings

According to the complaint, in a series of filings with the U.S. Securities and Exchange Commission, U.S. Concrete officials failed to disclose that the company lacked effective internal controls over financial reporting. The complaint alleges that officers and directors of the company knew of a material weakness regarding the computations of income tax accounts and disclosures, yet purposefully deceived shareholders by omitting this material weakness from the company's public filings. The truth eventually emerged on March 24, 2017, when U.S. Concrete announced that it dismissed its previous auditor, Grant Thornton LLP, and disclosed the resignation of the company's Senior Vice President and Chief Financial Officer, Joseph Tusa, Jr. On this news, U.S. Concrete's stock fell $5.90 per share, or 8.84%, to close at $60.80 per share on March 24, 2017.

U.S. Concrete Shareholders Have Legal Options

Concerned shareholders who would like more information about their rights and potential remedies can contact attorney Leonid Kandinov at (800) 350-6003, LKandinov@robbinsarroyo.com, or via the shareholder information form on the firm's website.

Robbins Arroyo LLP is a nationally recognized leader in shareholder rights law. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits, and has helped its clients realize more than $1 billion of value for themselves and the companies in which they have invested.

Attorney Advertising. Past results do not guarantee a similar outcome.

View source version on businesswire.com: http://www.businesswire.com/news/home/20170609005798/en/

Latest news about U.S. Concrete, Inc.

Smyrna Ready Mix, LLC acquired USC Atlantic, Inc. from U.S. Concrete, Inc.	22-11-24	CI
U.S. Concrete, Inc.(NasdaqGS:USCR) dropped from S&P Global BMI Index	21-08-30	CI
U.S. Concrete, Inc.(NasdaqGS:USCR) dropped from S&P 1000	21-08-30	CI
U.S. Concrete, Inc.(NasdaqGS:USCR) dropped from S&P TMI Index	21-08-30	CI
U.S. Concrete, Inc.(NasdaqGS:USCR) dropped from S&P Composite 1500	21-08-30	CI
U.S. Concrete, Inc.(NasdaqGS:USCR) dropped from S&P 600	21-08-30	CI
U.S. Concrete, Inc.(NasdaqGS:USCR) dropped from S&P 600 Materials	21-08-30	CI
U.S. Concrete, Inc. Terminates the Fourth Amended and Restated Loan and Security Agreement	21-08-26	CI
U.S. Concrete, Inc.(NasdaqGS:USCR) dropped from NASDAQ Composite Index	21-08-26	CI
Vulcan Materials Company completed the acquisition of U.S. Concrete, Inc. from Dimensional Fund Advisors L.P., The Vanguard Group, Inc., BlackRock, Inc. and others.	21-08-25	CI
Bio Techne : to Join S&P 500 Aug. 30; Saia, Mimecast, Option Care Health Get MidCap 400 Nod	21-08-24	MT
U S Concrete : Expects Acquisition by Vulcan Materials to Close Around Aug. 26	21-08-24	MT
U.S. Concrete, Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2021	21-08-05	CI
Insider Trends: Insider at US Concrete Acquires Stock Via Conversion of Option/Derivative Security Sells Portion to Pay Tax, Buy Trend Intact	21-06-29	MT
Insider Trends: Insider at US Concrete Acquires Stock Via Option/Derivative Security Sells Portion to Pay Tax, Buy Trend Intact	21-06-29	MT
U.S. Concrete, Inc. Enters into the Fourth Amended and Restated Loan and Security Agreement	21-06-25	CI
U.S. Concrete, Inc.(NasdaqGS:USCR) added to Russell 2500 Growth Index	21-06-25	CI
U.S. Concrete, Inc.(NasdaqGS:USCR) added to Russell 2000 Growth Index	21-06-25	CI
U.S. Concrete, Inc.(NasdaqGS:USCR) added to Russell Small Cap Comp Growth Index	21-06-25	CI
U.S. Concrete, Inc.(NasdaqGS:USCR) added to Russell 3000 Growth Index	21-06-25	CI
U.S. Concrete, Inc.(NasdaqGS:USCR) added to Russell Microcap Growth Index	21-06-25	CI
U.S. Concrete, Inc.(NasdaqGS:USCR) added to Russell 3000E Growth Index	21-06-25	CI
U S CONCRETE : CJS Securities Downgrades US Concrete to Market Perform From Outperform; Price Target Lowered to $74 From $80	21-06-15	MT
Vulcan Materials : Buys U.S. Concrete for $1.29 Billion to Expand Construction Materials Sales in Key Regions	21-06-07	MT
DJ Industrial : Wall Street Wavers Pre-Bell as G7 Nations Initiate Global Tax Reform	21-06-07	MT

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Company Profile

U.S. Concrete, Inc. is a heavy building materials supplier of aggregates and ready-mixed concrete in select geographic markets in the United States, the United States Virgin Islands and Canada. The Company operates through two segments: ready-mixed concrete and aggregate products. Ready-mixed concrete segment engages in the formulation, production and delivery of ready-mixed concrete to the customersâ job sites. It provides its ready-mixed concrete from its operations in Texas, New Jersey, New York City, Washington, D.C., Philadelphia, Northern California, Oklahoma and the United States Virgin Islands. Aggregate products segment produces crushed stone, sand and gravel from approximately 20 aggregates facilities located in British Columbia, Canada, Texas, Oklahoma, New Jersey, New York, and the United States, Virgin Islands. It sells aggregates for use in commercial, industrial and public works projects, as well as consume them internally in the production of ready-mixed concrete.

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Construction Materials

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