Everus Announces Dismissal of Securities Class Action Against Company
BISMARCK, N.D.--(BUSINESS WIRE)--Everus Construction Group (NYSE: ECG) today announced that a recently filed securities class action against the company and certain of its directors and officers has been voluntarily dismissed.
As disclosed in the company's first quarter 2025 Form 10-Q filed April 4, 2025, with the Securities and Exchange Commission, John Scofield filed a lawsuit in the U.S. District Court for the Southern District of New York against the company on behalf of himself and a putative class seeking to recover damages for alleged violations of Sections 10(b) and 20(a) of the Securities Exchange Act of 1934.
On May 28, 2025, Scofield filed a Notice of Voluntary Dismissal, dismissing the case without prejudice.
About Everus Construction Group
Everus Construction Group, Inc., a member of the S&P SmallCap 600®, is Building America's Future™ by providing a full spectrum of construction services through its electrical and mechanical, and transmission and distribution specialty contracting services across the United States. These specialty contracting services are provided to utility, transportation, commercial, industrial, institutional, renewable and other customers. Its E&M contracting services include construction and maintenance of electrical and communication wiring and infrastructure, fire suppression systems, and mechanical piping and services. Its T&D contracting services include construction and maintenance of overhead and underground electrical, gas and communication infrastructure, as well as manufacturing and distribution of transmission line construction equipment and tools. For more information about Everus, visit everus.com. or email investors@everus.com.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
13 minutes ago
- Yahoo
Why Harmony Gold Mining Company Limited (HMY) Crashed On Friday
We recently published a list of . In this article, we are going to take a look at where Harmony Gold Mining Company Limited (NYSE:HMY) stands against other Friday's worst-performing stocks. Harmony Gold saw its share prices decline by 5.27 percent on Friday to finish at $14.56 apiece as investor sentiment was dampened by the death of another mine worker—allegedly the 10th death case recorded this year alone. The news sparked investor concerns about the company's safety regulations and strategy, especially as it aims to achieve zero harm and foster a proactive safety culture. An open pit mine with heavy excavation machinery toiling away against the backdrop of a hidden valley. 'Harmony Gold Mining Company Limited regrets to announce a loss of life due to a fall of ground at its Joel mine in the Free State province. All relevant authorities, family members, and colleagues have been informed,' it said. 'We have been on a journey to achieve zero harm since 2016, and we continually assess the maturity of this journey to identify areas for improvement,' it added. Harmony Gold Mining Company Limited (NYSE:HMY) said that it achieved six months of death-free shifts, showing that its strategy was correct. 'We continue to believe that zero loss of life is possible,' it noted. Overall, HMY ranks 4th on our list of Friday's worst-performing stocks. While we acknowledge the potential of HMY as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey.
Yahoo
15 minutes ago
- Yahoo
Why The Mosaic Company (MOS) Crashed On Friday
We recently published a list of . In this article, we are going to take a look at where The Mosaic Company (NYSE:MOS) stands against other Friday's worst-performing stocks. Shares of The Mosaic Company decreased by 4.40 percent on Friday to end at $34.80 apiece, a third straight day, as investors reacted negatively to lower production guidance for the second quarter and full year 2025. In a statement, The Mosaic Company (NYSE:MOS) said it now sees phosphate sales volumes for the second quarter of 2025 to be in the range of 1.5 million to 1.6 million tons, or lower than the 1.7 million to 1.9 million tons as targeted previously. A farmer tending to his crops in a field, with a fertiliser bag nearby. It also revised its production guidance for the full year period to 7 million to 7.3 million tons, lower than the 7.2 million to 7.6 million tons as expected previously. While its phosphate facility in New Wales was expected to increase over 20 percent in the current quarter, commissioning and ramp-up of the first of three new gypsum handling systems took longer than expected. The Mosaic Company (NYSE:MOS) said it now expects the second and third systems to be installed and commissioned by the end of June and early July. Additionally, it extended planned downtimes for its Riverview facility to eliminate bottlenecks, causing production to miss initial expectations. Its Louisiana facilities also discovered additional necessary repairs, resulting in extended outage periods and some lost production. Overall, MOS ranks 8th on our list of Friday's worst-performing stocks. While we acknowledge the potential of MOS as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey.
Yahoo
15 minutes ago
- Yahoo
Why Samsara Inc. (IOT) Crashed On Friday
We recently published a list of . In this article, we are going to take a look at where Samsara Inc. (NYSE:IOT) stands against other Friday's worst-performing stocks. Samsara ended a two-day rally on Friday, shedding 4.55 percent to close at $45.10 apiece as investors repositioned portfolios following the disposition of a significant stake in the company by none other than its chief executive officer and another shareholder. In a regulatory filing, Samsara Inc. (NYSE:IOT) announced that its CEO, Biswas Sanjit, sold worth $160,000 of shares in the company on June 3 and 4. A data analyst wearing virtual reality goggles while analyzing on-board telematics. Meanwhile, John Bicket, who owns 10 percent of Samsara Inc. (NYSE:IOT), also disposed of shares worth $170,000 in a series of transactions on June 3 and 4. In the first quarter of fiscal year 2026, Samsara Inc. (NYSE:IOT) narrowed its net losses by 60.7 percent to $22 million from $56 million in the same period last year. Revenues rose by 30.69 percent to $366.88 million from $280.7 million year-on-year. Samsara Inc. (NYSE:IOT) expects to incur higher revenues for the second quarter and full fiscal year of 2026. Revenues were pegged at $371 million to $373 million, while full-year revenues were expected to hit $1.547 billion to $1.555 billion. Overall, IOT ranks 7th on our list of Friday's worst-performing stocks. While we acknowledge the potential of IOT as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
