INVESTOR ALERT: Kirby McInerney LLP Announces an Investigation of Shareholder Claims Against Granite Construction Incorporated

NEW YORK--(BUSINESS WIRE)--
The law firm of Kirby McInerney LLP is investigating potential claims against Granite Construction Incorporated (“Granite” or the “Company”) (NYSE: GVA). This investigation concerns whether Granite has violated federal securities laws and/or engaged in other unlawful business practices.

On July 29, 2019, after the market closed, the Company disclosed that second quarter 2019 financial results were negatively impacted by non-cash charges related to four legacy, unconsolidated heavy civil joint venture projects. As a result, Granite expected to report net loss per diluted share in the range of $2.05 to $2.10 per diluted share. On this news, shares of Granite fell $7.98, or 17.9%, to close at $36.49 on July 30, 2019.

If you acquired Granite securities, have information, or would like to learn more about these claims, please contact Thomas W. Elrod of Kirby McInerney LLP at 212-371-6600, by email at [email protected], or by filling out this contact form, to discuss your rights or interests with respect to these matters without any cost to you.

Kirby McInerney LLP is a New York-based plaintiffs’ law firm concentrating in securities, antitrust, and whistleblower litigation. The firm’s efforts on behalf of shareholders in securities litigation have resulted in recoveries totaling billions of dollars. Additional information about the firm can be found at Kirby McInerney LLP’s website: www.kmllp.com.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

Kirby McInerney LLP

Thomas W. Elrod, Esq., (212) 371-6600

[email protected]

www.kmllp.com

Source: Kirby McInerney LLP