Former United States Securities and Exchange Commission attorney Willie Briscoe, founder of The Briscoe Law Firm, PLLC, and the securities litigation firm of Powers Taylor, LLP announce that a federal class action lawsuit has been filed against Tetra Tech, Inc. (“Tetra Tech” or “Company”) (NasdaqGS: TTEK). The firms are investigating additional legal claims against the officers and Board of Directors of Tetra Tech during the period of May 3, 2012 and June 18, 2013 (the “Class Period”).
If you are an affected investor and you want to learn more about the lawsuit or join the action, contact Willie Briscoe at The Briscoe Law Firm, PLLC, (214) 239-4568, or via email at WBriscoe@TheBriscoeLawFirm.com, or Zachary Groover at Powers Taylor, LLP, toll free (877) 728-9607, via e-mail at firstname.lastname@example.org. There is no cost or fee to you.
In a recently filed federal class action complaint, Tetra Tech and certain of its officers and directors were charged with violating certain provisions of the Securities Exchange Act of 1934. Specifically, the complaint alleges that among other things, defendants misrepresented and/or failed to disclose: (i) claims by customers and cost overruns created an acute risk that the Company would need to take an earnings charge; and, (ii) decreasing demand for the Company’s services would lead to project closures. Moreover, throughout the Class Period the Company failed to inform investors the extent to which Tetra Tech’s revenues would be impacted by an overall decline in the Eastern Canadian mining and oil industry resulting from large political and economic unrest in the region.
Shareholder rights attorney Willie Briscoe said, “Recent revelations about alleged improper business practices and procedures regarding key aspects of Tetra Tech’s business and other misleading financial statements have prompted the firms to investigate possible breaches of fiduciary duties and other violations of state law by Tetra Tech’s officers and directors. Based on our investigation, we are prepared to pursue litigation to preserve the company and the value of Tetra Tech stock for all shareholders.”