Primoris Services Corporation Faces Multiple Securities Fraud Lawsuits
Primoris Services Corporation is facing two securities class action lawsuits alleging the company concealed cost overruns and project deficiencies in its renewable energy sector.
Two separate law firms filed securities class action lawsuits against Primoris Services Corporation on July 26 and 27, 2026. The legal actions were initiated by Levi & Korsinsky, LLP and The Rosen Law Firm P.A. on behalf of investors who acquired the company's securities between August 5, 2025, and June 22, 2026.
The complaints allege that the company committed securities fraud by issuing false or misleading statements and concealing systemic deficiencies in its project oversight, cost estimation, and cost-to-complete forecasting processes. According to the filings, these failures caused Primoris to underestimate the costs and risks associated with significant fixed-price renewable energy projects.
These projects reportedly suffered from schedule delays, execution problems, and material cost overruns. The lawsuits claim that company guidance regarding financial performance and risk management lacked a reasonable basis and omitted material adverse facts. The Rosen Law Firm P.A. has stated that investors wishing to serve as lead plaintiff must move the court by September 21, 2026.
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