The Klein Law Firm announces that a class action complaint has been filed on behalf of shareholders of Dycom Industries, Inc. (NYSE: DY) who purchased shares between November 20, 2017 and August 10, 2018. The action, which was filed in the United States District Court for the Northern District of Florida, alleges that the Company violated federal securities laws.
In particular, the Dycom lawsuit alleges that (i) Dycom’s large projects were highly dependent on permitting and tactical considerations, (ii) Dycom was facing great uncertainties related to permitting issues; (iii) said uncertainties would expose Dycom to near-term margin pressure and absorption issues, and (iv) as a result of the foregoing, Defendants’ statements about Dycom’s business, operations, and prospects, were false and misleading and/or lacked a reasonable basis.
Shareholders have until December 24, 2018 to petition the court for lead plaintiff status. Your ability to share in any recovery does not require that you serve as lead plaintiff. You may choose to be an absent class member.
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