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 Jon Naji, Esq. at (484) 270-1453; or you may submit your information via email at email@example.com, or you may click here to print a PDF of this form.
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 November 30, 2018, Plaintiffs filed an amended complaint (the “Amended Complaint”). Defendants filed a Motion to Dismiss the Amended Complaint on February 15, 2019, which was denied. On November 22, 2019, Plaintiffs filed a Motion for Preliminary Approval of Class Action Settlement. The Court approved the Settlement on August 12, 2020 in the amount of $5,500,000.00. This action has concluded.
If you wish to discuss this action or have any questions concerning this notice or your rights or interests with respect to these matters, please contact Kessler Topaz Meltzer & Check, LLP: Jon Naji, Esq. (484) 270-1453; or via e-mail at firstname.lastname@example.org. 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.