Cases
Orion Group Holdings, Inc. (ORN)
Securities Class Action
Overview
Overview
- Date:
- 9/18/2019
- Company Name:
- Orion Group Holdings, Inc.
- Stock Symbol:
- ORN
- Status:
- Closed/Complete
NEW YORK, September 18, 2019 – Bragar Eagel and Squire is investigating certain officers and directors of Orion Group Holdings, Inc. (NYSE: ORN) following a class action complaint that was filed against Orion on April 11, 2019.
The complaint alleges that throughout the class period, defendants made false and/or misleading statements, as well as failed to disclose material adverse facts about the company's business, operations, and prospects. Specifically, defendants made false and/or misleading statements and/or failed to disclose: (1) that the company had overstated goodwill in certain periods; (2) that the company had overstated accounts receivable in certain periods; (3) that the company lacked effective internal control over financial reporting, including over goodwill impairment testing and allowance for doubtful accounts; (4) that, as a result, the required adjustments would materially impact the company's financial results; and (5) that, as a result of the foregoing, defendants' positive statements about the company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
If you are a long term stockholder of Orion Group Holdings continuously holding shares, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Melissa Fortunato by email at investigations@bespc.com, or telephone at (212) 355-4648, or by filling out the contact form below. There is no cost or obligation to you.
The complaint alleges that throughout the class period, defendants made false and/or misleading statements, as well as failed to disclose material adverse facts about the company's business, operations, and prospects. Specifically, defendants made false and/or misleading statements and/or failed to disclose: (1) that the company had overstated goodwill in certain periods; (2) that the company had overstated accounts receivable in certain periods; (3) that the company lacked effective internal control over financial reporting, including over goodwill impairment testing and allowance for doubtful accounts; (4) that, as a result, the required adjustments would materially impact the company's financial results; and (5) that, as a result of the foregoing, defendants' positive statements about the company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
If you are a long term stockholder of Orion Group Holdings continuously holding shares, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Melissa Fortunato by email at investigations@bespc.com, or telephone at (212) 355-4648, or by filling out the contact form below. There is no cost or obligation to you.