WASHINGTON, Oct. 21, 2008 (GLOBE NEWSWIRE) -- The law firm of Finkelstein Thompson LLP has commenced an investigation of potential shareholder claims involving Perini Corporation ("Perini" or the "Company").
On January 17, 2008, Perini announced that a developer of one of its largest construction projects, the $3 billion Cosmopolitan Resort and Casino in Las Vegas, Nevada, was in default on a loan from Deutsche Bank. In response to this news, Perini's stock fell $10.05 per share, or 27%, to close at $27.65, on unusually high trading value.
Prior to these facts being disclosed to the public, Perini insiders sold approximately 4.2 million shares of personally-held Perini common stock for $193 million between March 2007 and December 2007.
If you are a Perini Corp. shareholder and wish to discuss your rights and interests as an investor, please contact our Washington, D.C. office toll-free at (877) 337-1050 or by email at contact@finkelsteinthompson.com.