#United States #New York #Securities Fraud #Pomerantz LLP #Construction Partners

Investor Alert: Pomerantz Law Firm Investigates Construction Partners, Inc.

On February 11, 2025, Pomerantz LLP announced its investigation into potential claims on behalf of investors of Construction Partners, Inc., which trades under the ticker symbol ROAD on the NYSE. This firm is looking into the possibility that the company and its executives may have engaged in securities fraud or other unlawful business practices that could have impacted shareholders.

The Grounds for Investigation

The catalyst for this investigation came on January 23, 2025, when Spruce Point Research published a report outlining serious concerns regarding Construction Partners' operational transparency and financial reporting methods. The report alleged that the company has been concealing the extent of pressure facing its business, leading to significant skepticism among investors.

In the aftermath of this report, Construction Partners saw a drastic decline in its stock price, plummeting by $10.20 per share, approximating a 10.99% decrease, which left shares closing at $92.78 each. Such a dramatic drop has raised alarms for shareholders, prompting the need for a thorough investigation.

About Pomerantz LLP

Pomerantz LLP is a distinguished law firm with its headquarters located in New York, and it has additional offices in Chicago, Los Angeles, London, Paris, and Tel Aviv. With over 85 years of experience, the firm has a long-standing reputation for tackling complex issues related to corporate, securities, and antitrust class actions. Established by Abraham L. Pomerantz, a notable figure in the class-action landscape, the firm has garnered numerous multimillion-dollar settlements for victims of corporate misconduct.

Next Steps for Investors

Investors who believe they may have been affected by the alleged actions of Construction Partners are encouraged to reach out to Pomerantz LLP directly. Those who wish to learn more about joining the class action can contact attorney Danielle Peyton via email or phone. Pomerantz underscores its commitment to fighting for the rights of those impacted by security fraud and aims to hold the responsible parties accountable.

Conclusion

As this situation develops, stakeholders and investors in Construction Partners, Inc. are advised to stay informed on the findings of the investigation. The potential implications of this inquiry could have significant consequences for both the company’s reputation and the financial wellbeing of its shareholders. As always, the pursuit of justice in the realm of corporate governance remains critical to maintain integrity in the financial markets.