The Primoris Services Corp. securities case is moving forward.
Boston Retirement System et al. v. Primoris Services Corporation,, No. 3:26-cv-02416 (N.D. Tex.)
A court-appointed lead plaintiff is now litigating on behalf of all class members. If you bought PRIM during the class period, your potential claim is unaffected — you didn't need to do anything by the deadline. Register to follow the case and have your losses evaluated for free.
- No cost to participate
- No fee unless investors recover
- Talk to a real person, not a call center
- Lead plaintiff deadline
- Passed — September 21, 2026
- Class members' claims unaffected
- Class period
- Aug 5, 2025 – Jun 22, 2026
- Eligible purchases fall between these dates
What happened to PRIM
About this case
Primoris Services shares fell sharply again Tuesday after the Company announced another major reduction to its full-year 2026 outlook. The Company attributed the new reduction primarily to additional challenges and cost overruns on six previously disclosed projects in its Renewables business, including issues identified through an ongoing assessment by a third-party industry expert, and announced the departure of Chief Operating Officer Jeremy Kinch.
The update follows Primoris’s May 6, 2026 earnings call, when management reassured investors that it had “risk-assessed the portfolio and identified the quantum for the projects that are in this sort of distressed state” and had “baked in as much incremental cost as we believe we are going to incur,” while reaffirming full-year 2026 adjusted EPS guidance of $4.80 to $5.00. Block & Leviton is investigating.
The allegations, in plain terms
- Aug. 5, 2025The class period begins. Per the complaint, investors allegedly did not know the full extent of cost problems on projects in Primoris's Renewables business.
- May 6, 2026On its earnings call, management said it had “risk-assessed the portfolio and identified the quantum for the projects that are in this sort of distressed state” and had “baked in as much incremental cost as we believe we are going to incur,” while reaffirming full-year 2026 adjusted EPS guidance of $4.80 to $5.00, per the complaint.
- June 22–23, 2026The company disclosed another major reduction to its full-year 2026 outlook, attributed primarily to additional challenges and cost overruns on six previously disclosed Renewables projects — including issues identified by a third-party industry expert — and announced the departure of COO Jeremy Kinch. Shares fell sharply, per the complaint.
- Case statusA securities class action has been filed in the Northern District of Texas. The complaint's allegations have not been proven, and no court has made any findings.
Summarizes allegations in the complaint — they are not findings of any court.
We screen hundreds of stock drops every year and file only a handful. If we're investigating this one, it's because we believe in it.
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* Subject to court approval. Prior results do not guarantee a similar outcome.
Who we are — and why we're involved
Block & Leviton represents investors. We never represent the companies we investigate. When a company's own disclosures reveal that shareholders were misled, we investigate and bring claims to recover those losses.
Our clients are people like you: individual investors, retirees, and pension funds harmed when the truth comes out and a stock falls. There is no cost to you to participate, and attorneys' fees are paid only out of a recovery approved by the court.
Who you'll be dealing with
Jeffrey Block
Represents investors in securities class actions nationwide.
Your first call will usually be with David White, our investor liaison — and our partners are directly involved in every case.
A record courts have trusted
NextEra Energy — $150 million
The district court dismissed the case. We appealed — and won a unanimous reversal in the Eleventh Circuit Court of Appeals. The result: a $150 million settlement — the largest securities class action settlement in the Southern District of Florida in more than 30 years.*
Dismissed — then revived when we persuaded the court to reconsider its own judgment. Settled in 2026.
Recovered for investors even after Tricida itself went bankrupt.
Federal courts have appointed Block & Leviton lead counsel in securities class actions on behalf of investors nationwide. Our attorneys have recovered billions of dollars for investors, retirees, and pension funds.
* Subject to court approval. Prior results do not guarantee a similar outcome. Attorney advertising.
Common questions
Will this cost me anything?
No. There is no cost to submit your information, no cost to participate, and no out-of-pocket cost ever. If there's a recovery, attorneys' fees are paid from it and must be approved by the court.
Do I have to go to court or sue anyone myself?
No. The case is brought on behalf of all affected investors as a group. Unless you choose to seek a larger role, participating requires essentially nothing from you.
I'm already part of the class automatically — so why submit my information?
It's true: if you bought PRIM during the class period, you're a class member whether or not you contact anyone. Submitting your information lets us evaluate your specific losses, keep you informed as the case develops, and tell you whether you may benefit from a larger role in the case.
The lead plaintiff deadline passed — am I out of luck?
No. That deadline only governed who could seek appointment to lead the case. Your potential claim as a class member is unaffected — if the case succeeds, class members who file valid claims share in the recovery, and we'll keep you informed of every step if you register.
I sold my shares after the drop — am I still eligible?
Possibly, yes. What generally matters is that you purchased shares during the class period and were harmed by the decline. Whether you still hold shares today doesn't necessarily disqualify you — submit your details and we'll evaluate your situation.
Does submitting this form make you my lawyers?
No — and that's a protection for you. Submitting the form only lets us evaluate your potential claim, at no cost. If we determine we can help and you decide to move forward, we'll send you a written retainer agreement that spells out the relationship, the contingency fee, and your rights. You're never committed to anything until you've read and signed it.
What happens after I submit the form?
Our team reviews your submission — usually within one business day. David, our investor liaison, will reach out by phone or email, and our partners are directly involved in every case. You're never obligated to do anything.
Attorney advertising. Prior results do not guarantee a similar outcome. Block & Leviton LLP is responsible for the content of this page. Submitting information through this page does not create an attorney-client relationship.