IMPORTANT FORTERRA, INC. INVESTOR ALERT: Wolf Haldenstein Adler Freeman & Herz LLP announces that a securities class action lawsuit has been filed in the United States District Court for the Eastern District of New York on behalf of investors who purchase

NEW YORK, Aug. 18, 2017 -- Wolf Haldenstein Adler Freeman & Herz LLP announces that a federal class action lawsuit has been filed in the United States District Court for the Eastern District of New York on behalf of investors who purchased Forterra, Inc. (“Forterra” or the “Company”) (NASDAQ:FRTA) common stock issued in connection with the Company’s October 21, 2016 initial public offering (the “IPO”).

Investors who have incurred losses in Forterra, Inc. are urged to contact the firm immediately at [email protected] or (800) 575-0735 or (212) 545-4774. You may obtain additional information concerning the action on our website, www.whafh.com.

If   you   have  purchased  shares  of  Forterra, Inc. and would like to assist with the litigation process as a lead plaintiff, you may, no  later than October 13, 2017 , request that the Court appoint you lead plaintiff of the proposed class.

The filed complaint alleges that the Registration Statement failed to disclose, at the time of the IPO:

• that organic sales in Forterra’s Drainage and Water segments had significantly declined;
   
• that Forterra was experiencing increased pricing pressure due to competition and continued softness in its concrete and steel pipe business;
   
• that Forterra had been losing business in its important pipe and precast business due to in large part to operational problems at its production plants, and;
   
• that Forterra had undisclosed material weaknesses in its internal controls that prevented it from accurately reporting and forecasting its financial results.

The IPO was successful for the Company and the underwriters, who sold 18.42 million shares of Forterra common stock to the public at $18 per share, raising more than $331 million in gross proceeds. As the market learned the truth about the Company’s business and finances following the IPO, the price of Forterra common stock declined and the stock now trades at approximately 75% of its IPO price.

Wolf Haldenstein has extensive experience in the prosecution of securities class actions and derivative litigation in state and federal trial and appellate courts across the country.  The firm has attorneys in various practice areas; and offices in New York, Chicago and San Diego.  The reputation and expertise of this firm in shareholder and other class litigation has been repeatedly recognized by the courts, which have appointed it to major positions in complex securities multi-district and consolidated litigation.

If you wish to discuss this action or have any questions regarding your rights and interests in this case, please immediately contact Wolf Haldenstein by telephone at (800) 575-0735, via e-mail at [email protected], or visit our website at www.whafh.com.

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Contact:

Wolf Haldenstein Adler Freeman & Herz LLP 
Kevin Cooper, Esq.
Gregory Stone, Director of Case and Financial Analysis
Email: [email protected], [email protected] or [email protected]
Tel: (800) 575-0735 or (212) 545-4774