The Police Retirement System of St. Louis v. Granite Construction Incorporated

INTRODUCTION

22 In this securities action, lead plaintiff moves to certify a class. They also move for 23 appointment of class representative and lead counsel. For the below reasons, the motion is

GRANTED.

STATEMENT

26 A prior order set forth the background of this action at length (Dkt. No. 98). Simply put, 27 the action stems from accusations that Granite Construction Incorporated misled investors by 1 making false or misleading public statements between April 2018 and October 2019, which 2 artificially inflated the value of its stock. Granite bids on and completes large infrastructure 3 projects for public and private clients. The Police Retirement System of St. Louis serves as the 4 court-appointed lead plaintiff in this putative class action (Amd. Compl. at ¶¶ 1–2, 19, 32, 299, 5 322). 6 The amended complaint herein asserts claims against Granite, as well as individuals James 7 Roberts, its Chief Executive Officer; Jigisha Desai, its Chief Financial Officer; and Laurel 8 Krzeminski, its former Chief Financial Officer. The claims concern four infrastructure contracts 9 that Granite won between 2012 and 2014: (1) a $2.3 billion contract on interstate highway…