CTRI Investors Have Opportunity to Join Centuri Securities Fraud Investigation with the Schall Law Firm

PRNewswire 13-Sep-2024 8:45 AM

LOS ANGELES, Sept. 13, 2024 /PRNewswire/ -- The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Centuri Securities ("Centuri" or "the Company") (NYSE:CTRI) for violations of the securities laws.

The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Centuri announced on June 26, 2024, that its CEO would be resigning from the Company, resulting in a 15.6% drop in share price the next day. The Company released its second quarter 2024 financial results on July 29, 2024, missing consensus estimates. The Company blamed its poor performance on "reduced offshore wind activities primarily due to the cancellation of a project in late 2023." Based on this news, Centuri's shares fell 22.4% on the same day.

If you are a shareholder who suffered a loss, click here to participate.

We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at bschall@schallfirm.com.

The Schall Law Firm 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.

CONTACT:

The Schall Law Firm 
Brian Schall, Esq.
310-301-3335
info@schallfirm.com
www.schallfirm.com

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SOURCE The Schall Law Firm