◆ NeutralCDNL
Cardinal Infrastructure Group Investigated by the Portnoy Law Firm
GlobeNewswire Inc.·
The Portnoy Law Firm has initiated an investigation into possible securities fraud at Cardinal Infrastructure Group (NASDAQ: CDNL) and may file a class action lawsuit on behalf of investors. The investigation follows Cardinal's August 11, 2026 earnings report, which revealed a significant decline in gross profit margin to 10.8% from 13.9% year-over-year, attributed to increased subcontracted labor and equipment rental costs. The stock subsequently fell more than 36%.
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