Deadline Alert: The Law Offices of Howard G. Smith Reminds Investors of the October 13th Deadline in the Class Action Lawsuit Against Forterra, Inc. (FRTA)

BENSALEM, Pa.--()--Law Offices of Howard G. Smith reminds investors of the October 13, 2017 deadline in the class action lawsuit filed on behalf of investors that purchased Forterra, Inc. (“Forterra” or the “Company”) (NASDAQ: FRTA) securities between October 18, 2016 and August 14, 2017, inclusive (the “Class Period”). Forterra investors have until October 13, 2017 to file a lead plaintiff motion.

Investors suffering losses on their Forterra investments are encouraged to contact the Law Offices of Howard G. Smith to discuss their legal rights in this class action at 888-638-4847 or by email to howardsmith@howardsmithlaw.com.

The Complaint filed in this class action 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 (1) that organic sales in the Company's Drainage and Water segments significantly dropped; (2) Forterra was experiencing increased pricing pressure due to competition and continued softness in its concrete and steel pipe business; (3) the Company was losing business in its important pipe and precast business, due in large part to operational problems at its production plants; and (4) that Forterra had undisclosed material weaknesses in its internal controls that prevented it from accurately reporting and forecasting its financial results. Since the IPO, Forterra's stock price fell about 75%, which caused investors harm according to the Complaint.

If you purchased shares of Forterra during the Class Period you may move the Court no later than October 13, 2017 to ask the Court to appoint you as lead plaintiff. To be a member of the Class you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the Class. If you wish to learn more about this action, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to howardsmith@howardsmithlaw.com, or visit our website at www.howardsmithlaw.com.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

Contacts

Law Offices of Howard G. Smith
Howard G. Smith, Esquire
215-638-4847
888-638-4847
howardsmith@howardsmithlaw.com
www.howardsmithlaw.com

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Release Summary

Deadline Alert: The Law Offices of Howard G. Smith Reminds Investors of the October 13th Deadline in the Class Action Lawsuit Against Forterra, Inc.

Law Offices of Howard G. Smith