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SHAREHOLDER ALERT: Goldberg Law PC Announces the Filing of a Securities Class Action Lawsuit against Forterra, Inc.Goldberg Law PC, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against Forterra, Inc. ("Forterra" or the "Company") (Nasdaq: FRTA) for violations of the Securities Act of 1933. Investors who purchased the Company's shares in connection with the October 21, 2016 initial public offering (the "IPO"), are encouraged to contact the firm before October 13, 2017, the lead plaintiff motion deadline. If you are a shareholder who suffered a loss in connection with the IPO, click here to participate. We also encourage you to contact Michael Goldberg or Brian Shall, of Goldberg Law PC, 1999 Avenue of the Stars, Suite 1100, Los Angeles, CA (News - Alert) 90067, at 800-977-7401, to discuss your rights free of charge. You can also reach us through the firm's website at http://www.goldberglawpc.com/, or by email at [email protected]. The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member. The Complaint alleges that the Registration Statement which Forterra used to conduct its IPO contained false and/or misleading statements, and/or failed to disclose material facts, specifically: that organic sales in the Company's Drainage and Water segments significantly declined; that Forterra was experiencing increased pricing pressure due to competition and continued softness in its concrete and steel pipe business; that the Company had been losing business in its important pipe and precast business, due 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. When the public learned the truth about the Company's business and finances after the IPO, Forterra's stock price dropped materially, which caused investors harm. Goldberg Law PC represents investors around the world, and specializes in securities class action lawsuits and shareholder rights litigation. This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.
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