Overview

Basic information

Litigation

Active legal matters

Material Events

8-K disclosures

SEC Filings

Key regulatory docs

Insider Transactions

Ownership changes

Overview

Basic information

Litigation

Active legal matters

Material Events

8-K disclosures

SEC Filings

Key regulatory docs

Insider Transactions

Ownership changes

GRANITE CONSTRUCTION INC (GVA) Class Action Lawsuit (August 2019)

Closed

3:19cv4744 • August 13, 2019

Class Period Start

February 17, 2017

Class Period End

October 25, 2021

PSLRA Deadline

October 15, 2019

Case Allegations

10b5

Statutes of Repose

Feb 17, 2020

Country

United States

Court

Federal Court

Settlement Information

Please note that for cases in the settlement stage, claims are handled by the claims administrator and NOT Levi & Korsinsky. Any information or documentation previously provided to us does not constitute submission of a claim. If you need to file a claim, check the status of a claim, or have questions regarding distribution of settlement funds, please contact the claims administrator below.

Claim Deadline

January 24, 2022

Settlement Fund

$129,000,000

Settlement Status

Disbursed

Settlement Class

All persons or entities that purchased or otherwise acquired Granite Construction Incorporated common stock during the period of February 17, 2017, through October 24, 2019, inclusive.

Claim Administrator

Epiq
Granite Securities Litigation Claims Administrator P.O. Box 5197 Portland, OR 97208-5197
+1 800-280-6458
[email protected]

Hearing Date

February 24, 2022

Opt-out Deadline

December 3, 2021

Settlement Note

Download here

Proof Of Claim

Download here

Docket History

Nov 1, 2022

Disbursement Approved

The court has approved the distribution of settlement funds to eligible class members. Investors with approved claims may receive payments from the settlement. If you have questions about your claim or payment, contact the claims administrator.

Aug 24, 2022

Voluntary Dismissal

The plaintiff in this action has chosen not to proceed with the case. Once a case is voluntary dismissed, the courts will usually close the case and no further action will be taken.

Apr 20, 2022

On Appeal

Mar 17, 2022

Final Approval of Settlement

The court has granted final approval of the settlement. Eligible investors who submit valid claims may receive a payment once the claims review and distribution process is completed.

Oct 25, 2021

Proof of Claim Form

To receive your portion of the recovery (if you are eligible), you must submit this form to the claims administrator by the deadline indicated on the form itself. If you do not submit this form in time, you will not be entitled to compensation. If you have questions about how to complete the form, you should contact the claims administrator.

Oct 6, 2021

Preliminary Approval of Settlement

The court has granted preliminary approval of a proposed settlement. This means the settlement can move forward for further consideration, but it has not yet received final approval. Potential class members will generally receive notice explaining the settlement, their rights, and any deadlines for submitting a claim, objecting to the settlement, or choosing not to participate.

Jun 3, 2021

Notice of Pendency

May 21, 2021

Scheduling Order

Apr 30, 2021

Proposed Settlement

Apr 9, 2021

Scheduling Order

Mar 19, 2021

Scheduling Order

Mar 17, 2021

Scheduling Order

Feb 4, 2021

Notice of Pendency

Feb 1, 2021

Scheduling Order

Jan 21, 2021

Class Certification Granted

The court has determined that a class action is the appropriate method to bring the claims by class members. Usually, when a class is certified, the judge will also affirm an individual or entity to represent the class and finalize a class definition (i.e.: who is represented in the lawsuit).

Jan 15, 2021

Motion for Class Certification

The plaintiffs have asked the court to approve the lawsuit to proceed as a class action on behalf of a group of investors. The judge will decide whether the case meets the requirements for class certification and which investors and claims may be included.

Nov 25, 2020

Motion for Class Certification

The plaintiffs have asked the court to approve the lawsuit to proceed as a class action on behalf of a group of investors. The judge will decide whether the case meets the requirements for class certification and which investors and claims may be included.

May 21, 2020

Scheduling Order

May 20, 2020

Scheduling Order

May 20, 2020

Motion to Dismiss Denied

The court has denied the defendants' request to dismiss the lawsuit. The case can now move forward to the next stage of litigation.

May 8, 2020

Scheduling Order

Mar 26, 2020

Motion to Dismiss

After reviewing the complaint(s) filed by plaintiffs, defendants have filed a motion requesting that the court dismiss some or all of the plaintiffs' claims. In a motion to dismiss, defendants might challenge the validity of plaintiffs' claims or adequacy of plaintiffs' pleadings. Once a motion to dismiss is filed, the judge will make a decision on whether part or all of the case should be dismissed or the case can proceed as alleged.

Feb 20, 2020

First Amended Complaint

A new complaint has been filed on behalf of certain investors in GRANITE CONSTRUCTION INC. Amended complaints may contain additional facts, parties, allegations, a change in the class definition, etc.

Jan 16, 2020

Appointment of Lead Plaintiff

The court has appointed a lead plaintiff to represent the interests of investors in the lawsuit. The lead plaintiff works with the attorneys handling the case, helps oversee the litigation, and represents the interests of the proposed class.

Nov 26, 2019

Appointment of Lead Plaintiff

The court has appointed a lead plaintiff to represent the interests of investors in the lawsuit. The lead plaintiff works with the attorneys handling the case, helps oversee the litigation, and represents the interests of the proposed class.

Sep 10, 2019

Scheduling Order

Aug 13, 2019

First Filed Complaint

A securities fraud class action complaint has been filed on behalf of certain investors in GRANITE CONSTRUCTION INC.

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