Construction Partners, Inc. Class Action Lawsuit - ROAD

The filed complaint alleges that Construction Partners, Inc. made materially false and/or misleading statements and/or failed to disclose that: On January 23, 2025, Spruce Point Capital Management published a report highlighting the increasing pressures faced by Construction Partners suggesting that the share price could have a 35-50% potential long-term downside risk. The Spruce Point report focused on Construction Partners’ major decline in contracts from its largest customer, Florida Department of Transportation, and a weak expansion into Texas, which was portrayed as a strong acquisition for the company. The report concluded that the market had miscalculated Construction Partners’ enterprise value, which in turn, reflects a misunderstanding of the company’s business and financial prospects, thus, predicting the 35-50% downside potential. Following this news, Construction Partners’ stock price plummeted over 8% to open at $85.17 per share on January 23, 2025

In order to be eligible to join the ROAD class action lawsuit, you must have incurred a loss on shares of Construction Partners, Inc. purchased during the class period listed above.