An investigation on behalf of current long term investors in Orion Group Holdings, Inc. (NYSE: ORN) shares over possible breaches of fiduciary duty by certain officers and directors was announced and NYSE: ORN stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 07/22/2019 -- An investigation was announced concerning potential breaches of fiduciary duties by certain directors and officers of Orion Group Holdings, Inc..
Investors who are current long term investors in Orion Group Holdings, Inc. (NYSE: ORN) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm for current long term investors in NYSE: ORN stocks follows a lawsuit filed against Orion Group Holdings, Inc. over alleged securities laws violations. The investigation on behalf of current long term investors in NYSE: ORN stocks, concerns whether certain Orion Group Holdings, Inc. directors are liable in connection with the allegations made in that lawsuit.
According to that complaint filed in the U.S. District Court for the Southern District of Texas the plaintiff alleges that the Defendants made false and/or misleading statements and/or failed to disclose that the Company had overstated goodwill in certain periods, that the Company had overstated accounts receivable in certain periods, that the Company lacked effective internal control over financial reporting, including over goodwill impairment testing and allowance for doubtful accounts, that, as a result, the required adjustments would materially impact the Company's financial results, and 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.
Those who purchased shares of Orion Group Holdings, Inc. (NYSE: ORN) have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.