Snapshot from Sep 02, 2026 at 07:00 UTC. For live data and tracking: View Live
Events / Regulatory / Primoris Securities Class Action Lawsuit
Regulatory class action

Primoris Securities Class Action Lawsuit

Analysis based on 7 articles · First reported Aug 28, 2026 · Last updated Sep 02, 2026

Sentiment
-40
Attention
2
Articles
7
Market Impact
General
Live prominence charts, article sentiment distribution, and event development timeline available on the Ergen Dashboard
Market Impact

The class action lawsuit and the underlying negative disclosures have significantly impacted Primoris's stock price, which fell 22% following the June 22, 2026 announcement. The reduced guidance and project challenges may affect investor confidence and the company's valuation in the near term.

Construction Renewable Energy
Event Summary

Kahn Swick & Foti, LLC (KSF) announced a class action securities lawsuit against Primoris Services (NYSE: PRIM) on behalf of investors who purchased shares between August 5, 2025 and June 22, 2026. The lawsuit, filed by United States — Boston Retirement System in the United States — United States District Court for the Northern District of Texas, alleges that Primoris and certain executives failed to disclose material information, violating federal securities laws. On June 22, 2026, Primoris disclosed significant challenges, cost overruns, and delays in 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 close at $84.95 on June 23, 2026. Investors have until September 21, 2026 to request lead plaintiff appointment.

Key Actions
100 Primoris Services cut guidance
100 United States — Boston Retirement System filed securities lawsuit Primoris Services
30 Kahn Swick & Foti reminded investors
Entities Involved
stock
Primoris Services
Primoris is the defendant in the class action lawsuit and the subject of the negative disclosures. The company faces legal liability and reputational damage, with its stock price dropping 22% after the guidance cut.
Importance 100.0 Sentiment -60.0
priv
Kahn Swick & Foti
KSF is the law firm notifying investors and seeking lead plaintiffs. The firm benefits from the case's visibility and potential fees.
Importance 70.0 Sentiment 20.0
govactor
United States — Boston Retirement System
United States — Boston Retirement System is the lead plaintiff in the lawsuit, seeking recovery for losses incurred during the class period.
Importance 60.0 Sentiment -20.0
govactor
United States — United States District Court for the Northern District of Texas
The court is the venue for the lawsuit, where the case will be adjudicated.
Importance 40.0 Sentiment 0.0
per
Charles Foti
Charles Foti is a partner at KSF and former Louisiana Attorney General, lending credibility to the lawsuit.
Importance 30.0 Sentiment 10.0
per
Lewis Kahn
Lewis Kahn is the managing partner at KSF and the primary contact for investors, playing a key role in the notification process.
Importance 30.0 Sentiment 10.0
Relationships
Primoris Services related ↔ Kahn Swick & Foti
Primoris Services defendant ↔ United States — Boston Retirement System Primoris Services is the defendant in an active securities fraud class action lawsuit filed by the Boston Retirement Sys
Primoris Services defendant ↔ United States — United States District Court for the Northern District of Texas Primoris Services is currently a defendant in a securities class action lawsuit filed in the United States District Cour
Kahn Swick & Foti related ↔ United States — Boston Retirement System
Kahn Swick & Foti related ↔ United States — United States District Court for the Northern District of Texas
Kahn Swick & Foti related ↔ Charles Foti
Kahn Swick & Foti related ↔ Lewis Kahn
United States — Boston Retirement System related ↔ United States — United States District Court for the Northern District of Texas
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
ERGEN INTELLIGENCE
Track this event live

Set up alerts, explore entity relationships, search across thousands of events, and build custom intelligence feeds.

Open Dashboard

About Ergen

Ergen is a news intelligence platform that converts raw news articles into structured data. It tracks events, entities, and the relationships between them, with sentiment and attention metrics derived from thousands of articles. Pages on this site are daily static snapshots from the platform's live database. For real-time tracking, search, and alerts, the full dashboard is at app.ergen.ai.