Parsons Corporation (NYSE: PSN)

This investigation is for anyone who acquired securities in Parsons Corporation (NYSE: PSN) prior to February 19, 2025.

The Law Offices of Howard G. Smith believes that the Company and certain of its executives violated federal law. Specifically, the Law Offices of Howard G. Smith believes that the Company misled investors regarding its financial condition. More specifically, the Law Offices of Howard G. Smith believes that the Company misled investors by failing to timely update guidance.

On February 19, 2025, Parsons released its fourth quarter 2024 financial results, falling short of its prior guidance in revenue and EBITDA. The Company explained that its “adjusted EBITDA growth for the quarter was negatively impacted by $29 million of adjustments on two programs.” On this news, the price of the Company’s stock dropped precipitously on unusually heavy trading volume.

The Law Offices of Howard G. Smith seeks to recover damages on behalf of class members. If you acquired securities in Parsons Corporation (NYSE: PSN) prior to February 19, 2025 you may join the lawsuit by submitting your information online, or you may call the Law Offices of Howard G. Smith and speak to Mr. Smith directly to learn how he can protect your rights.