Kirby McInerney LLP announced on October 3, 2024, that it is investigating potential claims against Centuri Holdings, Inc. The investigation focuses on whether the company and its officers violated federal securities laws or engaged in unlawful business practices.
This inquiry follows Centuri's disclosure of its CEO's resignation on June 26, 2024, and the subsequent release of its second quarter 2024 financial results on July 29, 2024.
The Q2 2024 results reportedly missed consensus estimates, partly due to the cancellation of an offshore wind project in late 2023, which is a key area of the investigation.
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