LOS ANGELES, Oct. 19, 2026 (GLOBE NEWSWIRE) — The Portnoy Law Firm advises Cardinal Infrastructure Group (“Cardinal” or the “Company”) (NASDAQ: CDNL) investors that the firm has initiated an investigation into possible securities fraud, and may file a class action on behalf of investors.
Investors are encouraged to contact attorney Lesley F. Portnoy, by phone 844-767-8529 or email: lesley@portnoylaw.com, to discuss their legal rights, or join the case via https://portnoylaw.com/cardinal-infrastructure-group. The Portnoy Law Firm can provide a complimentary case evaluation and discuss investors’ options for pursuing claims to recover their losses.
On August 11, 2026, Cardinal Infrastructure reported its second quarter 2026 financial results, revealing that its gross profit margin for the quarter fell to 10.8%, down from 13.9% in the second quarter of 2025. The Company further disclosed that its “[a]djusted gross profit margin was impacted by increased subcontracted labor and equipment rental costs in certain developing markets, reflecting both customer demand and an intentional shift toward a more diversified, less residential-weighted project mix.” Following this news, the price of Cardinal Infrastructure stock fell more than 36%.
The Portnoy Law Firm represents investors in pursuing claims caused by corporate wrongdoing. The Firm’s founding partner has recovered over $5.5 billion for aggrieved investors. Attorney advertising. Prior results do not guarantee similar outcomes.
Lesley F. Portnoy, Esq.
Admitted CA, NY and TX Bar
lesley@portnoylaw.com
310-692-8883
www.portnoylaw.com
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