Snapshot from Jul 29, 2026 at 07:00 UTC. For live data and tracking: View Live
Events / Regulatory / Primoris Securities Class Action Lawsuit
Regulatory securities lawsuit

Primoris Securities Class Action Lawsuit

Analysis based on 6 articles · First reported Jul 22, 2026 · Last updated Jul 29, 2026

Sentiment
-30
Attention
2
Articles
6
Market Impact
General
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Market Impact

The lawsuit and negative disclosures have already caused a 22% drop in Primoris stock price. Continued legal proceedings and potential financial penalties may further pressure the stock and investor sentiment.

Construction & Engineering Renewable Energy
Event Summary

A class action securities lawsuit has been filed against Primoris Services (NYSE: PRIM) by United States — Boston Retirement System, represented by Kahn Swick & Foti, LLC. The lawsuit alleges that Primoris and certain executives failed to disclose material information during the class period from August 5, 2025 to June 22, 2026, violating federal securities laws. On June 22, 2026, Primoris disclosed substantial challenges, cost overruns, and project delays affecting six renewable energy projects, reduced its full-year 2026 Adjusted EPS guidance to $2.05-$2.60, lowered Adjusted EBITDA guidance to $275 million-$325 million, projected a decline in 2026 Renewables revenue to approximately $2.1 billion, and announced the resignation of its Chief Operating Officer. Following this news, Primoris shares fell 22% to $84.95 on June 23, 2026. The case is pending in the United States — United States District Court for the Northern District of Texas.

Key Actions
100 Primoris Services cut guidance
80 United States — Boston Retirement System filed securities lawsuit Primoris Services
Entities Involved
stock
Primoris Services
Primoris is the defendant in the class action lawsuit, facing allegations of securities fraud. The company's stock dropped 22% after disclosing cost overruns and guidance cuts.
Importance 100.0 Sentiment -60.0
govactor
United States — Boston Retirement System
United States — Boston Retirement System is the lead plaintiff in the class action lawsuit against Primoris.
Importance 40.0 Sentiment -20.0
priv
Kahn Swick & Foti
Kahn Swick & Foti is the law firm representing the lead plaintiff, notifying investors of the lawsuit.
Importance 30.0 Sentiment 0.0
govactor
United States — United States District Court for the Northern District of Texas
The court where the lawsuit is pending.
Importance 20.0 Sentiment 0.0
per
Charles Foti
Charles Foti is a partner at Kahn Swick & Foti and former Louisiana Attorney General, involved in the lawsuit notification.
Importance 10.0 Sentiment 0.0
per
Lewis Kahn
Lewis Kahn is the managing partner at Kahn Swick & Foti, providing contact for investors.
Importance 10.0 Sentiment 0.0
Relationships
Kahn Swick & Foti related ↔ Charles Foti
Kahn Swick & Foti related ↔ Lewis Kahn
Charles Foti partner ↔ Lewis Kahn Charles Foti is a partner at Kahn Swick & Foti, LLC, a prominent securities litigation law firm where Lewis Kahn serves
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