Everus Announces Dismissal of Securities Class Action Against Company

BISMARCK, N.D.--(BUSINESS WIRE)-- Everus Construction Group (NYSE: ECG) today announced that a recently filed securities class action against the company and certain of its directors and officers has been voluntarily dismissed.

As disclosed in the company’s first quarter 2025 Form 10-Q filed April 4, 2025, with the Securities and Exchange Commission, John Scofield filed a lawsuit in the U.S. District Court for the Southern District of New York against the company on behalf of himself and a putative class seeking to recover damages for alleged violations of Sections 10(b) and 20(a) of the Securities Exchange Act of 1934.

On May 28, 2025, Scofield filed a Notice of Voluntary Dismissal, dismissing the case without prejudice.

About Everus Construction Group

Everus Construction Group, Inc., a member of the S&P SmallCap 600®, is Building America's Future™ by providing a full spectrum of construction services through its electrical and mechanical, and transmission and distribution specialty contracting services across the United States. These specialty contracting services are provided to utility, transportation, commercial, industrial, institutional, renewable and other customers. Its E&M contracting services include construction and maintenance of electrical and communication wiring and infrastructure, fire suppression systems, and mechanical piping and services. Its T&D contracting services include construction and maintenance of overhead and underground electrical, gas and communication infrastructure, as well as manufacturing and distribution of transmission line construction equipment and tools. For more information about Everus, visit everus.com. or email investors@everus.com.

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Media Contact: Laura Lueder, director of communications, 701-221-6444

Investor Contact: Paul Bartolai, Vallum Advisors, investors@everus.com

Source: Everus