Dycom Industries, Inc. (NYSE: DY) Investor Securities Class Action Lawsuit 10/25/2018

If you purchased a significant amount of shares of Dycom Industries, Inc. (NYSE: DY) between November 20, 2017 and August 10, 2018, and / or if you purchased any NYSE: DY shares prior to November 2017 and continue to hold any of those shares, you have certain options and for certain investors are short and strict deadlines running. Deadline: December 24, 2018. NYSE: DY investors should contact the Shareholders Foundation, Inc.

To have your information reviewed for options and to recieve notifications about this case, please use this form. You may also send an email to mail@shareholdersfoundation.com, or call us at (858) 779-1554.
Company Name(s): 
Dycom Industries
Case Name: 
Dycom Industries Shareholder Class Action Lawsuit 10/25/2018
Case Status: 
Lawsuit Filed
Affected Securities
NYSE: DY
Lawsuit Overview
Type of Lawsuit: 
Shareholder Class Action
Date Filed: 
10/25/2018
Class Period Begin: 
11/20/2017
Class Period End: 
08/10/2018
Court of Filing: 
U.S. District Court for the Southern District of Florida
Deadline To File for Lead: 
12/24/2018
Summary: 

An investor in shares of Dycom Industries, Inc. (NYSE: DY) filed a lawsuit in the U.S. District Court for the Southern District of Florida over alleged violations of Federal Securities Laws by Dycom Industries, Inc. in connection with certain allegedly false and misleading statements made between November 20, 2017 and August 10, 2018.

According to the complaint the plaintiff alleges on behalf of purchasers of Dycom Industries, Inc. (NYSE: DY) common shares between November 20, 2017 and August 10, 2018, that the defendants violated Federal Securities Laws.

More specifically, the plaintiff claims that between November 20, 2017 and August 10, 2018, that the defendants made false and/or misleading statements and/or failed to disclose that Dycom’s large projects were highly dependent on permitting and tactical considerations, that Dycom was facing great uncertainties related to permitting issues, that said uncertainties would expose Dycom to near-term margin pressure and absorption issues, and that 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.

Florida based Dycom Industries, Inc. provides specialty contracting services in the United States and Canada. On August 13, 2018, Dycom Industries, Inc. announced that its revenue and results for the quarter ended July 28, 2018 will be below previous guidance. The company also revised its financial guidance for the 2019 second quarter and the current expectations for the remainder of the fiscal year
Shares of Dycom Industries, Inc. (NYSE: DY) declined to as low as $67.15 per share on August 13, 2018.