Parsons Corporation (NYSE: PSN)

This investigation is for anyone who acquired securities in Parsons Corporation (NYSE: PSN) prior to July 29, 2026.

The Law Offices of Howard G. Smith believes that the Company and certain of its executives violated federal law. Specifically, the Law Offices of Howard G. Smith believes that the Company misled investors regarding its financial condition. More specifically, the Law Offices of Howard G. Smith believes that the Company misled investors by failing to timely inform investors of two underperforming contracts.

On July 29, 2026, Parsons published second quarter 2026 financial results. Among other things, the Company announced a “$77 million loss on 2 nonstrategic remote contracts that are held for sale.” These were “2 Federal Solutions programs” which “face staffing and supply chain challenges and increased costs and continuing to perform them would have required extensive subcontracting and disproportionate management attention.” The Company said it sold after “we really reassessed where we were. We looked at the amount of management time and attention it was taking. And we thought about the customers’ interest and needs …. And with kind of some of the recent issues with supply chain holdups with Strait of Hormuz, we just felt it was the right time.” On this news, the price of the Company’s stock dropped precipitously on unusually heavy trading volume.

The Law Offices of Howard G. Smith seeks to recover damages on behalf of class members. If you acquired securities in Parsons Corporation (NYSE: PSN) prior to July 29, 2026 you may join the lawsuit by submitting your information online, or you may call the Law Offices of Howard G. Smith and speak to Mr. Smith directly to learn how he can protect your rights.