SHAREHOLDER ALERT: Bronstein, Gewirtz & Grossman, LLC Announces Investigation of Forterra, Inc. (FRTA)
NEW YORK, May 18, 2017 /PRNewswire/ -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Forterra, Inc. ("Forterra" or the "Company") (NASDAQ: FRTA). Such investors are encouraged to obtain additional information and assist the investigation by visiting the firm's site: www.bgandg.com/frta.
The investigation concerns whether Forterra and certain of its officers and/or directors have violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934.
On May 15, 2017, pre-market hours, Forterra revealed a net sales of $338.3 million for 2017's first quarter, compared to $187 million in the prior year quarter. Sales growth was "attributable to the impact of acquisitions that increased net sales by $163 million" rather than to organic growth. Forterra also announced a consolidated net loss of $22.5 million, or $0.35 loss per share. Forterra's Chief Executive Officer said that its "earnings results for the quarter were impacted by a number of factors that unfortunately will persist through the second quarter of 2017." Following this news, Forterra stock dropped $4.79 per share, or 24.29%, to close at $14.93 on May 15, 2017.
If you are aware of any facts relating to this investigation, or purchased shares of Forterra, you can assist this investigation by visiting the firm's site: www.bgandg.com/frta. You can also contact Peretz Bronstein or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm's expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.
Contact:
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Hurwitz
212-697-6484 | [email protected]
SOURCE Bronstein, Gewirtz & Grossman, LLC
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