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Case Status:    DISMISSED    
On or around 04/24/2014 (Notice of voluntarily dismissal)

Filing Date: June 28, 2013

According to the law firm press release, Tetra is a publicly traded company headquartered in Pasadena, California. Tetra is a leading provider of consulting, engineering, program management, construction management, construction and technical services that focuses on addressing fundamental needs for water, the environment, energy, infrastructure and natural resources.

The Complaint alleges that throughout the Class Period,Defendants made materially false and misleading statements regarding the Company's business, operational and compliance policies. Specifically, Defendants made false and/or misleading statements and/or failed to disclose that: (i) claims by customers and cost overruns created an acute risk that the Company would be required to take an earnings charge; and, (ii) decreasing demand for the Company's services would lead to project closures.

On June 18, 2013, the Company shocked investors by issuing a press release revising its prior guidance for the third quarter of 2013 to a loss of $0.30 to $0.50 per share. The Company blamed the revision on an impairment charge of approximately $45 million due to "change orders on lump-sum projects for certain U.S. federal and state government customers" and $40 to $50 million in restructuring costs related to its Eastern Canadian operations. On this news, Tetra securities declined $3.55 per share or 13.26%, to close at $23.30 per share on June 19, 2013.

A consolidated complaint was filed on October 30, 2013.

On April 24, 2014, this case was voluntarily dismissed with prejudice.

COMPANY INFORMATION:

Sector: Services
Industry: Business Services
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol: TTEK
Company Market: NASDAQ
Market Status: Public (Listed)

About the Company & Securities Data


"Company" information provides the industry and sector classification and headquarters state for the primary company-defendant in the litigation. In general, "Securities" information provides the ticker symbol, market, and market status for the underlying securities at issue in the litigation.

In most cases, the primary company-defendant actually issued the securities that are the subject of the litigation, and the securities information and company information relate to the same entity. In a small subset of cases, however, the primary company-defendant is not the issuer (for example, cases against third party brokers/dealers), and the securities information and company information do not relate to the same entity.
COURT: C.D. California
DOCKET #: 13-CV-04724
JUDGE: Hon. Stephen V. Wilson
DATE FILED: 06/28/2013
CLASS PERIOD START: 05/03/2012
CLASS PERIOD END: 06/18/2013
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Bronstein, Gewirtz & Grossman, LLC (New York)
    60 East 42nd Street - Suite 4600, Bronstein, Gewirtz & Grossman, LLC (New York), NY 10165
    212.697.6484 212.697.7296 · info@bgandg.com
  2. Glancy Binkow & Goldberg LLP (Los Angeles)
    1801 Ave. of the Stars, Suite 311, Glancy Binkow & Goldberg LLP (Los Angeles), CA 90067
    310.201.915 310. 201-916 · info@glancylaw.com
  3. Pomerantz LLP (New York)
    600 Third Avenue, Pomerantz LLP (New York), NY 10016
    212.661.1100 212.661.8665 · info@pomerantzlaw.com/
No Document Title Filing Date
COURT: C.D. California
DOCKET #: 13-CV-04724
JUDGE: Hon. Stephen V. Wilson
DATE FILED: 10/30/2013
CLASS PERIOD START: 05/03/2012
CLASS PERIOD END: 06/18/2013
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Bronstein, Gewirtz & Grossman, LLC (New York)
    60 East 42nd Street - Suite 4600, Bronstein, Gewirtz & Grossman, LLC (New York), NY 10165
    212.697.6484 212.697.7296 · info@bgandg.com
  2. Glancy Binkow & Goldberg LLP (Los Angeles)
    1801 Ave. of the Stars, Suite 311, Glancy Binkow & Goldberg LLP (Los Angeles), CA 90067
    310.201.915 310. 201-916 · info@glancylaw.com
  3. Pomerantz LLP (New York)
    600 Third Avenue, Pomerantz LLP (New York), NY 10016
    212.661.1100 212.661.8665 · info@pomerantzlaw.com/
No Document Title Filing Date