San Diego, CA -- (SBWire) -- 04/04/2017 --An investor, who purchased shares of US Concrete Inc (NASDAQ:USCR), filed a lawsuit in Texas over alleged Securities Laws violations by U.S. Concrete Inc in connection with certain allegedly false and misleading statements.
Investors who purchased shares of US Concrete Inc (NASDAQ:USCR) have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call 858-779-1554.
The plaintiff claims that the defendants made allegedly false and/or misleading statements and/or failed to disclose that the Company lacked effective internal controls over financial reporting, and that as a result of the foregoing, U.S. Concrete's public statements were materially false and misleading at all relevant times.
On March 24, 2017, US Concrete Inc disclosed the resignation of the Company's Chief Financial Officer, Joseph Tusa, and informed investors that US Concrete Inc had dismissed its previous auditor, Grant Thornton, and hired Ernst & Young as its new public accounting firm. US Concrete Inc has also informed investors that U.S. Concrete's internal control over financial reporting wasn't effective due to material weaknesses. Shares of US Concrete Inc (NASDAQ:USCR) declined to as low as $58.75 per share on March 24, 2017.
Those who purchased shares of US Concrete Inc have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com
US Concrete Inc (NASDAQ:USCR) Shareholder Notice: Lawsuit Alleges Misleading Statements
A lawsuit was filed on behalf of investors in US Concrete Inc (NASDAQ:USCR) shares over alleged securities laws violations and NASDAQ:USCR investors should contact the Shareholders Foundation.