DJS Law Group says Primoris faces securities class action over renewable projects
DJS Law Group says investors who bought Primoris Services Corporation shares during the stated class period may have claims in a securities class action tied to renewable energy project disclosures.
DJS Law Group says Primoris Services Corporation faces a class action lawsuit over alleged federal securities law violations tied to statements about fixed-cost renewable energy projects.
The firm’s Aug. 3, 2026, press release says the case concerns investors who bought Primoris shares during a class period it identifies as Aug. 5, 2025, through June 22, 2026. The item says shareholders who bought NYSE-listed PRIM shares during that period may contact the firm about possible lead plaintiff appointments.
According to the press release, the complaint alleges Primoris made false or misleading statements to the market and failed to maintain effective cost estimation, project forecasting and oversight processes for fixed-cost renewable energy projects. It also says the company underestimated the cost and risk associated with those projects.
The alleged claims are described as violations of Section 10(b) and Section 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5, which the release says was promulgated by the U.S. Securities and Exchange Commission.
In the release, DJS Law Group says lead plaintiff status is not required to participate in any recovery. It also says Primoris, which it refers to as “the Company,” is alleged to have made public statements that were false and materially misleading throughout the class period.
No company response is included in the press release. The item does not provide additional court filings, hearing dates or other next steps beyond the firm’s invitation for affected shareholders to contact it.
Sources
Editorial note: This article was prepared with AI assistance and includes source attribution for reader review.
View the Web StoryA visual, tap-through version of this reportThis is the AMP version of the article. Read the full article on Atlas Watchline.