Overview

A class action lawsuit has been filed against Everus Construction Group, Inc. (“Everus” or the “Company”) and certain of the Company’s former senior executive officers alleging violations of the federal securities laws.  The Company’s common stock trades on the New York Stock Exchange under the symbol “ECG.”

The Everus class action lawsuit was brought on behalf of all persons and entities who purchased or otherwise acquired Everus common stock between October 31, 2024, and February 11, 2025, both dates inclusive (the “Class Period”).

Everus is the parent company of Everus Construction, Inc. (“Everus Construction”), which provides utility construction services.  Everus Construction offers electrical line construction, pipeline construction, inside electrical wiring and cabling, and mechanical services.  Everus Construction (formerly known as MDU Construction Services Group, Inc.) operated historically as a wholly owned subsidiary of CEHI, LLC, which is a wholly owned subsidiary of MDU Resources.  On November 2, 2023, MDU Resources announced its intent to pursue a tax-free spinoff of Everus Construction from MDU Resources.

The Everus class action lawsuit alleges that Defendants, throughout the Class Period, made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects.  Specifically, Defendants failed to disclose to investors that: (1) the Company’s backlog conversion cycle had become elongated due to larger, more complex projects; (2) as a result, the Company’s revenue recognition would be delayed; and (3) as a result of the foregoing, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

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If you purchased or otherwise acquired Everus common stock between October 31, 2024, and February 11, 2025, both dates inclusive, and you wish to serve as lead plaintiff in this lawsuit, we encourage you to submit your information to DiCello Levitt LLP via the form on this page. 

You can also contact DiCello Levitt partner Brian O’Mara by calling (888) 287-9005 or at [email protected]. 

The deadline to apply to the Court to serve as lead plaintiff in the Everus class action lawsuit is June 3, 2025.