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Kirby McInerney LLP Announces Investigation Against Parsons Corporation (PSN) on Behalf of Investors

1. Kirby McInerney LLP probes potential securities law violations at PSN. 2. PSN’s Q4 2024 revenue and EBITDA fell short of guidance. 3. Adjusted EBITDA was negatively affected by $29M on two programs. 4. PSN share price dropped $8.42 amid the earnings announcement.

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FAQ

Why Bearish?

The investigation coupled with the missed financial targets has spooked investors, drawing parallels with past legal probes that led to significant share price declines.

How important is it?

The dual issues of legal scrutiny and financial underperformance strongly affect investor sentiment and immediate price performance.

Why Short Term?

The immediate drop in share price signals a short-term impact, though long-term effects depend on eventual legal outcomes and remedial actions.

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PSN
NEW YORK, Feb. 20, 2025 (GLOBE NEWSWIRE) -- The law firm of Kirby McInerney LLP is investigating potential claims against Parsons Corporation (“Parsons” or the “Company”) (NYSE:PSN). The investigation concerns whether Parsons and/or certain of its officers have violated the federal securities laws and/or engaged in other unlawful business practices. [LEARN MORE ABOUT THE INVESTIGATION] 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 Parsons shares declined by $8.42 per share, from $73.50 per share on February 18, 2025, to close at $65.08 on February 19, 2025. If you purchased or otherwise acquired Parsons securities, have information, or would like to learn more about this investigation, contact Thomas W. Elrod of Kirby McInerney LLP by email at investigations@kmllp.com, or by filling out the form below to discuss your rights or interests with respect to these matters without any cost to you. [CONTACT US] Kirby McInerney LLP is a New York-based plaintiffs’ law firm concentrating in securities, antitrust, whistleblower, and consumer litigation. The firm’s efforts on behalf of shareholders in securities litigation have resulted in recoveries totaling billions of dollars. This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules. ContactsKirby McInerney LLPThomas W. Elrod, Esq.212-699-1180https://www.kmllp.cominvestigations@kmllp.com

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