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Dycom Industries, Inc.

Case Summary

Dycom Industries, Inc. Securities Litigation

Case Summary

Case Status:    ONGOING    
On or around 10/25/2018 (Ongoing date of last review)

Filing Date: October 25, 2018

According to the Complaint, Dycom provides specialty contracting services through subsidiaries throughout the
United States and in Canada. Dycom’s services include program management, engineering, construction, maintenance, and installation services for telecommunications providers, underground facility locating services for various utilities, including telecommunications providers, and other construction and maintenance services for electric and gas utilities.

The Complaint alleges that throughout the Class Period, Defendants made false and/or misleading statements and/or failed to disclose that: (i) Dycom’s large projects were highly dependent on permitting and tactical considerations, (ii) Dycom was facing great uncertainties related to permitting issues; (iii) said uncertainties would expose Dycom to near-term margin pressure and absorption issues, and (iv) as a result of the foregoing, Defendants’ statements about Dycom’s business, operations, and prospects, were false and misleading and/or lacked a reasonable basis.

Company & Securities Information

Defendant: Dycom Industries, Inc.

COMPANY INFORMATION:

Sector: Capital Goods
Industry: Construction Services
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol: DY
Company Market: New York SE
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.

First Identified Complaint

Jennifer Tung, et al. v. Dycom Industries, Inc., et al.

COURT: S.D. Florida
DOCKET #: 18-CV-81448
JUDGE: Hon. Robin L. Rosenberg
DATE FILED: 10/25/2018
CLASS PERIOD START: 11/20/2017
CLASS PERIOD END: 08/10/2018
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Cullin O'Brien Law, P.A.
    6541 NE 21st Way , Cullin O'Brien Law, P.A. , FL 33308
    561-676-6370 561-320-0285 ·
  2. Levi & Korsinsky, LLP
    30 Broad Street, 15 1h Floor, Levi & Korsinsky, LLP, NY 10004
    212.363.7500 212.363-7171 ·
First Identified Complaint (FIC) Filings:
No Document Title Filing Date
1 Complaint for Violations of the Federal Securities Laws 10/25/2018
2 U.S. District Court Civil Docket 10/25/2018
 
 

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