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NEW ORLEANS, Sept. 29, 2017 -- Kahn Swick & Foti, LLC (“KSF”) and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until October 13, 2017 to file lead plaintiff applications in a securities class action lawsuit against Forterra, Inc. (Nasdaq:FRTA), if they purchased the Company’s shares between October 18, 2016 and August 14, 2017 and/or pursuant to its October 21, 2016 initial public offering (“IPO”). This action is pending in the United States District Court for the Eastern District of New York.
What You May Do
If you purchased shares of Forterra and would like to discuss your legal rights and your right to recover for your economic loss, you may, without obligation or cost to you, contact KSF Managing Partner Lewis Kahn toll-free at 1-877-515-1850 or via email ([email protected]), or visit http://ksfcounsel.com/cases/nasdaqgs-frta/ to learn more. If you wish to serve as a lead plaintiff in this class action, you must petition the Court by October 13, 2017.
About the Lawsuit
Forterra and certain of its executives are charged with failing to disclose material information during the IPO, violating federal securities laws.
The alleged false and misleading statements and omissions include, but are not limited to, that: (i) there were substantial decreases in sales in certain products; (ii) market conditions were causing its product pricing to be lowered in certain segments; (iii) defective products and long delays from production problems resulted in lost business and late charges; (iv) undisclosed material weaknesses in internal controls prevented accurate reporting and forecasting of financial results; and (v) as a result of the foregoing, Forterra’s Registration Statement was materially false and misleading at all relevant times.
About Kahn Swick & Foti, LLC
KSF, whose partners include former Louisiana Attorney General Charles C. Foti, Jr., is a law firm focused on securities, antitrust and consumer class actions, along with merger & acquisition and breach of fiduciary litigation against publicly traded companies on behalf of shareholders. The firm has offices in New York, California and Louisiana.
To learn more about KSF, you may visit www.ksfcounsel.com.
Contact:
Kahn Swick & Foti, LLC
Lewis Kahn, Managing Partner
[email protected]
1-877-515-1850
206 Covington St.
Madisonville, LA 70447
