Glancy Prongay & Murray LLP Announces the Filing of a Securities Class Action on Behalf of Dycom Industries, Inc. Investors (DY)
LOS ANGELES--(BUSINESS WIRE)--Nov 19, 2018--Glancy Prongay & Murray LLP (“GPM”), a global investors rights law firm, announces that a class action lawsuit has been filed on behalf of investors that purchased or otherwise acquired Dycom Industries, Inc. (“Dycom” or the “Company”) (NYSE: DY ) securities between November 20, 2017 and August 10, 2018, inclusive (the “Class Period”). Dycom investors have until December 24, 2018 to file a lead plaintiff motion.
If you are a shareholder who suffered a loss, click here to participate.
On August 13, 2018, Dycom announced disappointing results for the quarter ended July 28, 2018, and announced it would negatively revise its financial guidance for fiscal 2019. Following this news, shares of Dycom fell more than 24% to close at $68.09 per share on August 13, 2018, thereby injuring investors.
The Complaint filed in this class action alleges that the Company made false and misleading statements to the market. Dycom’s large projects were extremely dependent on government permitting and other tactical considerations. The Company faced considerable uncertainty specific to permitting. Based on this uncertainty, Dycom faced near-term margin pressures, amongst other problems. Based on these facts, the Company’s public statements were false and materially misleading throughout the class period.
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If you purchased shares of Dycom during the Class Period you may move the Court no later than December 24, 2018 to ask the Court to appoint you as lead plaintiff. To be a member of the Class you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the Class. If you wish to learn more about this action, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Lesley Portnoy, Esquire, of GPM, 1925 Century Park East, Suite 2100, Los Angeles California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by email to firstname.lastname@example.org, or visit our website at www.glancylaw.com. If you inquire by email please include your mailing address, telephone number and number of shares purchased.
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View source version on businesswire.com:https://www.businesswire.com/news/home/20181119005934/en/
CONTACT: Glancy Prongay and Murray LLP, Los Angeles
Lesley Portnoy, 310-201-9150 or 888-773-9224
KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA
INDUSTRY KEYWORD: PROFESSIONAL SERVICES LEGAL
SOURCE: Glancy Prongay & Murray LLP
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PUB: 11/19/2018 07:01 PM/DISC: 11/19/2018 07:01 PM