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4-Traders Homepage  >  Equities  >  Nasdaq  >  US Concrete Inc    USCR

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US Concrete Inc : APPROACHING DEADLINE: Khang & Khang LLP Announces Securities Class Action Lawsuit against U.S. Concrete, Inc. and Reminds Investors with Losses to Contact the Firm

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05/20/2017 | 05:55am CEST

IRVINE, CA / ACCESSWIRE / May 19, 2017 / Khang & Khang LLP (the 'Firm") announces a securities class action lawsuit against U.S. Concrete, Inc. ("U.S. Concrete" or the "Company") (NASDAQ: USCR). Investors, who purchased or otherwise acquired shares between March 6, 2015 and March 23, 2017, inclusive (the "Class Period"), are encouraged to contact the Firm before the May 30, 2017 lead plaintiff motion deadline.

If you purchased U.S. Concrete shares during the Class Period, please contact Joon M. Khang, Esq., of Khang & Khang LLP, 18101 Von Karman Avenue, 3rd Floor, Irvine, CA 92612, by telephone at (949) 419-3834, or by e-mail at [email protected].

There has been no class certification in this case yet. Until certification occurs, you are not represented by an attorney. You may choose to take no action and remain a passive class member.

According to the Complaint, throughout the Class Period, U.S. Concrete made false and 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 SEC, announcing the resignation of its Chief Financial Officer, Joseph Tusa, and advising investors that the Company replaced its previous auditor, Grant Thornton LLP, with Ernst & Young LLP as its new public accounting firm. When this news was announced to the public, Company's stock price dropped materially, which allegedly caused investors harm.

If you wish to learn more about this lawsuit, or if you have any questions about this notice or your rights, please contact Joon M. Khang, Esq., a prominent litigator for almost two decades, by telephone at (949) 419-3834, or by e-mail at [email protected].

This press release may constitute Attorney Advertising in some jurisdictions.

Contact:

Joon M. Khang, Esq.
Telephone: 949-419-3834
Facsimile: 949-225-4474
[email protected]

SOURCE: Khang & Khang LLP


© Accesswire 2017
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Financials ($)
Sales 2017 1 389 M
EBIT 2017 139 M
Net income 2017 59,2 M
Debt 2017 -
Yield 2017 -
P/E ratio 2017 21,81
P/E ratio 2018 16,51
Capi. / Sales 2017 0,90x
Capi. / Sales 2018 0,81x
Capitalization 1 256 M
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Sell
Buy
Mean consensus BUY
Number of Analysts 7
Average target price 84,6 $
Spread / Average Target 7,7%
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Managers
NameTitle
William J. Sandbrook President, Chief Executive Officer & Director
Eugene Irwin Davis Chairman
Ronnie A. Pruitt Chief Operating Officer & Senior Vice President
Joseph C. Tusa Chief Financial Officer & Senior Vice President
Robert Martin Rayner Independent Director
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