Lawsuit for Investors in Forterra Inc. (NASDAQ: FRTA) Shares Announced by Shareholders Foundation

SAN DIEGO, CA / ACCESSWIRE / September 6, 2017 / The Shareholders Foundation, Inc. announces that a lawsuit was filed for investors who purchased NASDAQ: FRTA shares against Forterra Inc. over alleged Securities Laws Violations in connection with the Company’s October 21, 2016 initial public offering (the “IPO”).

Investors who purchased shares of Forterra Inc. (NASDAQ: FRTA) have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 – 1554.

The plaintiff claims that the Registration Statement used to conduct the IPO contained inaccurate statements and omitted facts necessary to make other statements made therein not misleading.

The plaintiff claims that among other things, the Registration Statement failed to disclose, at the time of the IPO, that organic sales in Forterra’s Drainage and Water segments had significantly declined, that Forterra was experiencing increased pricing pressure due to competition and continued softness in its concrete and steel pipe business, that Forterra had been losing business in its important pipe and precast business due to in large part to operational problems at its production plants, and that Forterra had undisclosed material weaknesses in its internal controls that prevented it from accurately reporting and forecasting its financial results.

Those who purchased Forterra Inc. (NASDAQ: FRTA) shares should contact the Shareholders Foundation, Inc.

The Shareholders Foundation, Inc. is a professional portfolio legal monitoring and a 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. The Shareholders Foundation, Inc. is not a law firm. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

CONTACT:

Shareholders Foundation, Inc.
Michael Daniels
+1 (858) 779-1554
mail@shareholdersfoundation.com
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108

SOURCE: Shareholders Foundation, Inc.

ReleaseID: 474689