World News: 20:22 GMT Thursday 30th May 2019. [The Rosen Law Firm PA via Globe Newswire via SPi World News]
NEW YORK, May 30, 2019 (GLOBE NEWSWIRE) -- Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Orion Group Holdings, Inc. (NYSE: ORN) from March 13, 2018 through March 26, 2019, inclusive (the “Class Period”) of the important June 10, 2019 lead plaintiff deadline in class action. The lawsuit seeks to recover damages for Orion investors under the federal securities laws.
To join the Orion class action, go to or call Phillip Kim, Esq. or toll-free at 866-767-3653 or email or for information on the class action.
NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU MAY RETAIN COUNSEL OF YOUR CHOICE. YOU MAY ALSO REMAIN AN ABSENT CLASS MEMBER AND DO NOTHING AT THIS POINT. AN INVESTOR’S ABILITY TO SHARE IN ANY POTENTIAL FUTURE RECOVERY IS NOT DEPENDENT UPON SERVING AS LEAD PLAINTIFF.
According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) Orion had overstated goodwill in certain periods; (2) Orion had overstated accounts receivable in certain periods; (3) Orion lacked effective internal control over financial reporting, including over goodwill impairment testing and allowance for doubtful accounts; (4) the required adjustments would materially impact Orion’s financial results; and (5) as a result of the foregoing, Orion’s public statements were materially false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.
A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than June 10, 2019. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. If you wish to join the litigation, go to or to discuss your rights or interests regarding this class action, please contact Phillip Kim, Esq. of Rosen Law Firm toll free at 866-767-3653 or via e-mail at or .
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Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 3 each year since 2013. Rosen Law Firm has secured hundreds of millions of dollars for investors.
Contact Information: Laurence Rosen, Esq. Phillip Kim, Esq. The Rosen Law Firm, P.A. 275 Madison Avenue, 34 Floor New York, NY 10016 Tel: (212) 686-1060 Toll Free: (866) 767-3653 Fax: (212) 202-3827
Globe Newswire: 20:22 GMT Thursday 30th May 2019
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