The legal action, titled Boston Retirement System v. Primoris Services Corp., follows a sharp decline in share value after the company revealed systemic issues across six renewable energy projects. On June 22, 2026, Primoris disclosed significant cost overruns and project delays, leading to a downward revision of its full-year earnings guidance and the resignation of its Chief Operating Officer. Shares of the company subsequently plummeted 22%, closing at $84.95 on June 23.
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Investors Face September Deadline in Primoris Services Class Action
Investors who purchased Primoris Services Corporation shares between August 5, 2025, and June 22, 2026, have until September 21, 2026, to participate in a pending class action lawsuit. The litigation, filed in the Northern District of Texas, alleges the company failed to disclose critical information regarding renewable energy project failures.
The firm Kahn Swick & Foti, LLC, led by former Louisiana Attorney General Charles C. Foti, Jr., represents the plaintiffs in this securities fraud case. Affected investors seeking to act as lead plaintiff must file their requests with the court by the September deadline. However, potential recovery of losses does not strictly require an investor to serve in a lead role.
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