#United States #New York #Class Action #Kahn Swick #Primoris

Class Action Lawsuit Notification for Primoris Services Corporation

The time is running out for investors who wish to participate in a class action lawsuit against Primoris Services Corporation (NYSE: PRIM) as the deadline for applications is set for September 21, 2026. This legal action has been announced by Kahn Swick & Foti, LLC (KSF), a prominent securities litigation firm, alongside former Louisiana Attorney General Charles C. Foti, Jr.

Background on Primoris Services Corporation

Primoris Services Corporation operates within the construction and engineering sector, primarily focusing on infrastructure and renewable energy projects. Despite having a robust market presence, recent developments have raised concerns among investors about the company's financial health and governance, prompting legal scrutiny.

The Class Action Details

The class action lawsuit is primarily aimed at recovering losses sustained by investors who purchased shares of Primoris during a specific timeframe—from August 5, 2025, to June 22, 2026. The lawsuit alleges that Primoris, along with certain executives, failed to disclose material information that could have influenced investor decisions, thereby violating federal securities laws.

On June 22, 2026, following the completion of an internal review corroborated by an independent expert, Primoris reported several issues affecting its renewable energy projects. Notably, these issues included substantial cost overruns, delays, and challenges with six key projects. As a result, the company lowered its earnings guidance significantly and reported that its renewable energy revenue was expected to decline to around $2.1 billion for the year. In conjunction with this negative news, the Chief Operating Officer also resigned, which sent shockwaves through the market, and Primoris shares plummeted by 22%, closing at $84.95 the next day.

Investor Action Required

Investors who feel they are impacted by these developments are encouraged to act swiftly. The firm KSF has opened channels for affected investors to reach out for more information and assistance. As noted, those who invested during the defined class period have until September 21, 2026, to request the appointment as lead plaintiff in this class action. However, it's crucial to understand that participating as a lead plaintiff is not a requisite to benefit from any potential recovery in the lawsuit.

For more detailed information, investors can follow the link: KSF Class Action Details or contact Kahn Swick & Foti directly through Lewis Kahn, who is available at 1-833-538-3666 or via email at [email protected]. This communication is essential to ensure investors are well-informed about their rights and the possibilities of recovering financial losses.

About Kahn Swick & Foti, LLC

KSF is recognized as a leading boutique securities law firm based in the United States, with multiple offices including locations in New York, California, and Louisiana. They specialize in representing institutional and retail investors in cases stemming from corporate malfeasance, particularly around securities fraud. The firm has launched various successful legal pursuits in the past year, proving its competency and dedication to investor rights.

As the class action deadline approaches, it is imperative for Primoris investors to stay updated and proactive. Legal deadlines can often come and go swiftly, so taking action now could be pivotal in seeking justice and recovery for losses incurred during this troubling period for the company.