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$CDNL Stock Losses: BFA Law Reminds Cardinal Infrastructure Investors with Losses of the Ongoing Securities Fraud Investigation into Potential Acquisition Misrepresentations
GlobeNewswire Inc.·
Securities law firm BFA Law is investigating Cardinal Infrastructure Group (NASDAQ: CDNL) for potential securities fraud related to misrepresentations about the performance of its A.L. Grading Contractors acquisition. The company's stock dropped 36% on August 11, 2026, after reporting Q2 2026 results showing an adjusted EBITDA margin of only 12.4%, significantly below the 20%+ margin previously communicated to investors, due to increased costs and scalability issues at the acquired business.
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