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Investor Class Action Filed Against Forterra, Inc. for Securities Fraud Violations
Company Name: Forterra, Inc.
Court: United States District Court for the Northern District of Texas
Case Number: 18-cv-01957
Judge: The Hon. Brantley David Starr
Class period: Between October 19, 2016 and August 14, 2017
Security Type: Common Stock

Case Background:

On August 14, 2017, the initial complaint in this securities class action was filed against Forterra, Inc. (“Forterra”), and certain of Forterra’s directors and officers, asserting violations of sections 11 and 15 of the Securities Act.  This securities class action lawsuit was brought on behalf of all persons and entities who purchased or otherwise acquired Forterra common stock between Forterra’s Initial Public Offering (“IPO”) on October 19, 2016 and August 14, 2017, inclusive, and/or who purchased or acquired stock pursuant to and/or traceable to the Registration Statement issued in connection with Forterra’s IPO and were damaged thereby.

The Complaint alleges that throughout the class period, Forterra’s Registration Statement failed to disclose various improper accounting practices employed by Forterra at the time of its IPO and misrepresented Forterra’s ability to achieve organic sales growth. The Complaint further alleges that, months after the IPO, Forterra admitted material weaknesses in its internal control over its financial reporting relating to these improper accounting practices. Finally, the Complaint alleges that as a result of defendants’ false and misleading statements, the IPO price was artificially inflated, and declined when the truth was revealed.

Current Status of Case:

On August 28, 2019, the Parties agreed to settle this action for $5,500,000.  The Court approved the settlement on August 12, 2020.

If you would like additional information about the suit, please click on the link "Submit Your Information" above and fill out the form as promptly as possible.

CONTACT:
Kessler Topaz Meltzer & Check, LLP
James Maro, Esq. or Adrienne Bell, Esq.
280 King of Prussia Road
Radnor, PA 19087 1-844-887-9500 (toll free) or 1-610-667-7706
Or by e-mail at info@ktmc.com

Please complete this form and list your purchase and sale transaction(s) for Forterra, Inc. (Nasdaq: FRTA) between October 19, 2016 and August 14, 2017, both dates inclusive:

You may also contact James Maro, Jr., Esq. or Adrienne Bell, Esq. at 610.667.7706 or toll free at 844.887.9500, or you may submit your information via email at info@ktmc.com, or you may click here to print a PDF of this form.

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# of Shares
Price per Share
 
 
 
Principal Amount
Amount Paid
Series or CUSIP
 
 
 
# of Contracts
Price per Contract
Exercise Price
Expiration Date
Did you purchase shares of Forterra, Inc. (2017) prior to the Class Period?
Are you a current or former employee of Forterra, Inc. (2017)?
The submission of this form does not create an attorney-client relationship, nor an obligation on the part of Kessler Topaz or you to file a lead plaintiff motion in this matter. Any information you submit will be maintained as confidential. If Kessler Topaz, in its sole discretion, believes that you might be an appropriate lead plaintiff candidate, Kessler Topaz will contact you to discuss the matter and whether to establish an attorney client relationship. By signing this form you are authorizing us to contact you regarding this case and/or future cases.
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