Dycom Industries, Inc. (NYSE: DY)

DEFENDANT NAME: Dycom Industries, Inc.
STOCK SYMBOL: NYSE: DY
CASE NUMBER:
CASE NAME:
COURT: U.S. District Court for the Southern District of Florida
PRACTICE AREA: Investor Fraud
STATUS: Investigation
CLASS PERIOD: Nov. 20, 2017 and Aug. 10, 2018
LEAD PLAINTIFF DEADLINE: Dec. 24, 2018
DATE FILED:
COURT LOCATION:
RELATED DOCUMENTS:
CONTACT:
510-725-3000 DY@hbsslaw.com

Hagens Berman Sobol Shapiro LLP alerts investors in Dycom Industries, Inc. (NYSE: DY) to the December 24, 2018 Lead Plaintiff deadline in the securities class action pending in the U.S. District Court for the Southern District of Florida.

If you purchased or otherwise acquired shares of DY between November 20, 2017 and August 10, 2018 and suffered losses contact Hagens Berman Sobol Shapiro LLP.  For more information, contact Reed Kathrein, who is leading the firm's investigation, by calling 510-725-3000 or emailing DY@hbsslaw.com.

Within three months during the class period, Defendants twice reduced Dycom’s financial guidance.

The first time, on May 22, 2018, Dycom and management partially blamed the reduction on margin pressure resulting from “under-absorption of labor and field costs as large customer programs mobilized” and assured investors Dycom’s permitting process was “getting better.”  This news drove the price of Dycom shares down $23.56, or about 20%, to close at $92.64.

Then, on August 13, 2018, they again reduced financial guidance.  The Company and management partially blamed the reduction in part on margin pressure and, in addition, on permitting issues.  This news drove the price of Dycom shares down $21.62, or about 24%, to close at $68.09.

“We’re focused on investors’ losses and the extent to which Defendants’ statements concerning margins and permitting were misleading,” said Hagens Berman partner Reed Kathrein.


Hagens Berman purchases advertisements on search engines, social media sites and other websites. Transmission of the information contained or available through this website is not intended to create, and receipt does not constitute, an attorney-client relationship. If you seek legal advice or representation by Hagens Berman, you must first enter a formal agreement. All information contained in any transmission is confidential and Hagens Berman agrees to protect information against unauthorized use, publication or disclosure. This site is regulated by the Washington Rules of Professional Conduct.

Back to all cases

Contact:

Please fill out the form below and we will get back to you as soon as we can.
 
*
*
*
*
*
*
*
*
*
*
Upload your trade data *
File Upload *
Please Explain Your Potential Legal Claim *
*
*
 

Case videos

Case Gallery

Case Timeline

10/29/18: Investigation