DJS Law Group cites Primoris securities class action over renewable project disclosures
DJS Law Group said investors in Primoris Services Corp. may have claims in a class action that accuses the company of misleading statements about fixed-cost renewable energy projects.
DJS Law Group said investors who bought Primoris Services Corp. shares during the stated class period may have claims in a class action lawsuit that accuses the company of misleading the market about fixed-cost renewable energy projects.
PR Newswire said the complaint cites Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and SEC Rule 10b-5.
According to the release, the class period runs from Aug. 5, 2025, through June 22, 2026. The company is identified as Primoris Services Corporation, also called Primoris or the Company, and trades on the New York Stock Exchange under the ticker PRIM.
The complaint, as summarized in the notice, alleges that Primoris made false and misleading statements to the market because it did not maintain effective cost estimation, project forecasting and oversight processes for fixed-cost renewable energy projects. The release says the company underestimated the cost and risk tied to those projects and that its public statements were false and materially misleading throughout the class period.
PR Newswire said shareholders who purchased PRIM during the class period are being encouraged to contact the firm about possible lead plaintiff appointments. It also said lead plaintiff status is not required to take part in any recovery, if any is obtained.
The item was dated Aug. 6, 2026, and datelined Los Angeles. It also included a promotional description of DJS Law Group’s practice areas and said the release may be considered attorney advertising in some jurisdictions.
The PR Newswire item does not say when the case will be heard or whether Primoris has filed a public response in the release.
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