A lawsuit was filed on behalf of investors in Beazer Homes USA, Inc. (NYSE: BZH) shares over alleged securities laws violations.
San Diego, CA -- (SBWIRE) -- 07/29/2019 -- An investor in NYSE: BZH shares filed a lawsuit against Beazer Homes USA, Inc over alleged violations of Federal Securities Laws.
Investors who purchased shares of Beazer Homes USA, Inc. (NYSE: BZH) should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
Atlanta, GA based Beazer Homes USA, Inc. operates as a homebuilder in the United States. On May 2, 2019, Beazer Homes USA, Inc announced its financial and operating results for the second quarter of 2019. Among other issues, Beazer Homes USA, Inc announced a net loss from continuing operations of $100.8 million for the quarter, reflecting a $147.6 million impairment on certain California assets.
The plaintiff claims that between August 1, 2014 and May 2, 2019, the defendants made false and/or misleading statements and/or failed to disclose that Beazer Homes' California assets classified as land held for future development were deteriorating in value or improperly valuated, that the foregoing created a foreseeable risk of an eventual substantial impairment that would negatively impact the profitability of the Company, and that as a result, the Company's public statements were materially false and misleading at all relevant times.
Those who purchased shares of Beazer Homes USA, Inc. (NYSE: BZH) 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
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.