GRABAR LAW OFFICE INVESTIGATES SHAREHOLDER DERIVATIVE ACTION ON BEHALF OF INVESTORS OF DYCOM INDUSTRIES (NYSE: DY)
Grabar Law Office is investigating whether members of Dycom’s board of directors breached their fiduciary duties.
According to a class action complaint, which has recently survived a motion to dismiss, certain of Dycom’s executive officers issued a series of false and misleading statements to investors, and failed to disclose that certain top customers had “cancelled millions of dollars’ worth of contracts,” which cost Dycom “millions of dollars in lost revenue and critical business relationships with key customers and permitting authorities.”
Current Dycom stockholders who purchased shares of the Company’s stock prior to November 20, 2017 have standing to seek corporate governance reforms, the return of funds back to company coffers and potentially a court approved incentive award if appropriate.
If you have held DY shares continuously since November 20, 2017 and would like to learn more, fill out the form provided for a free consultation!
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