Glancy Prongay & Murray LLP Announces Investigation on Behalf of Beazer Homes USA, Inc. Investors (BZH)
Glancy Prongay & Murray LLP (“GPM”) announces an investigation on behalf of Beazer Homes USA, Inc. (“Beazer Homes” or the “Company”) (NYSE: BZH) investors concerning the Company and its officers’ possible violations of federal securities laws.
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If you wish to learn more about this action, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Lesley Portnoy, Esquire, at 310-201-9150, Toll-Free at 888-773-9224, or by email to firstname.lastname@example.org, or visit our website at www.glancylaw.com.
On May 2, 2019, the Company issued a press release regarding its financial and operating results for the second quarter of 2019, reporting a net loss from continuing operations of $100.8 million for the quarter reflective of a $147.6 million impairment on certain California assets acquired by the Company before 2007. The assets in question were currently and previously reported by the Company as land held for future development.
On this news, the Company’s share price fell $1.73, or nearly 12%, to close at $12.51 on May 3, 2019, thereby injuring investors.
If you purchased Beazer Homes securities, have information, or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Lesley Portnoy, of GPM, 1925 Century Park East, Suite 2100, Los Angeles, CA 90067 at 310-201-9150, Toll-Free at 888-773-9224, or visit our website at www.glancylaw.com. If you inquire by email please include your mailing address, telephone number, and the number of shares purchased.
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