{"id":987454,"date":"2026-07-30T13:11:00","date_gmt":"2026-07-30T17:11:00","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/parsons-investigation-notice-levi-korsinsky-notifies-investors-of-pending-investigation-into-parsons-psn\/"},"modified":"2026-07-30T13:11:00","modified_gmt":"2026-07-30T17:11:00","slug":"parsons-investigation-notice-levi-korsinsky-notifies-investors-of-pending-investigation-into-parsons-psn","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/parsons-investigation-notice-levi-korsinsky-notifies-investors-of-pending-investigation-into-parsons-psn\/","title":{"rendered":"Parsons Investigation Notice: Levi & Korsinsky Notifies Investors of Pending Investigation Into Parsons (PSN)"},"content":{"rendered":"
\n

PR Newswire<\/p>\n<\/p><\/div>\n

\n

\n Parsons Corporation cut its full-year 2026 revenue and adjusted EBITDA targets on July 29, 2026, months after reaffirming them — the stock price fell 35% as the Company disclosed a terminated fixed-price contract and project delays behind the shortfall.<\/i>\n <\/p>\n

\n NEW YORK<\/span>, July 30, 2026<\/span> \/PRNewswire\/ — Parsons Corporation (NYSE: PSN) lowered its full-year 2026 adjusted EBITDA guidance to $500-$560 million from $615-$675 million on July 29, 2026 — a reduction of as much as $115 million — and cut revenue guidance to $6.2-$6.5 billion from $6.5-$6.8 billion, and the stock dropped 35%. Shareholders who lost money on PSN are encouraged to submit their losses for review<\/a>\u00a0now. You may also contact Joseph E. Levi, Esq. at jlevi@levikorsinsky.com<\/a>\u00a0or (212) 363-7500.<\/p>\n

\n

\n \"Levi\n <\/p>\n<\/p><\/div>\n

The guidance cut was disclosed via Form 8-K. Management attributed the shortfall to “”planned divestitures,” “lower pass-through costs,” and “federal contract timing,” as well as a confidential fixed-price contract that was “canceled by the administration.”<\/p>\n

That confidential program was described by Chair, President and CEO Carey Smith on the November 5, 2025 earnings call as follows: “The program is in a wind-down state, so we’re basically demobilizing.” The program generated $50 million of revenue in that quarter. It was later cited among the primary drivers of the fiscal 2026 shortfall. Reported adjusted EBITDA for the latest quarter was approximately $42 million, down roughly 72% year over year, alongside a net loss of about $15 million.<\/p>\n

Investors who purchased Parsons shares and suffered a loss are encouraged to request a free case evaluation here<\/a>, or call Joseph E. Levi, Esq. at (212) 363-7500.<\/p>\n

\n Levi & Korsinsky, LLP<\/b>\u00a0| Top 50 Securities Firm | (212) 363-7500 | www.zlk.com<\/a><\/p>\n

Frequently Asked Questions About the PSN Investigation<\/p>\n

\n Q: Which statements are being investigated as potentially misleading? <\/b>A: The investigation concerns whether Parsons Corporation made materially false or misleading statements regarding its full-year 2026 revenue and adjusted EBITDA outlook. When the Company cut guidance on July 29, 2026, the stock price declined 35%.<\/p>\n

\n Q: Who is eligible to participate in the PSN investigation? <\/b>A: Investors who purchased PSN stock or securities and suffered financial losses may be eligible. Eligibility is based on purchase date and documented losses — not on whether you still hold the shares.<\/p>\n

\n Q: What do PSN investors need to do right now? <\/b>A: Gather brokerage records including purchase dates, share quantities, and prices paid. Contact Levi & Korsinsky for a free, no-obligation evaluation at jlevi@levikorsinsky.com<\/a>\u00a0or (212) 363-7500. No immediate action is required to remain eligible to participate in the investigation.<\/p>\n

\n Q: What documents do I need to participate? <\/b>A: Brokerage statements or trade confirmations showing purchase dates, share quantities, prices paid, and any subsequent sale dates and prices.<\/p>\n

\n Q: What if I already sold my PSN shares — can I still recover losses? <\/b>A: Yes. Eligibility is based on when you purchased, not whether you still hold the shares. Investors who bought PSN and sold at a loss may still participate in the investigation.<\/p>\n

\n Q: What does it cost me to participate? <\/b>A: There is no upfront cost to participate. Securities investigations and any resulting actions are generally handled on a contingency basis — no retainer and no out-of-pocket costs.<\/p>\n

\n Q: What if I live outside the United States? <\/b>A: U.S. securities investigations generally cover purchases on U.S. exchanges regardless of the investor’s country of residence.<\/p>\n

CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
33 Whitehall Street, 27th Floor
New York, NY 10004
jlevi@levikorsinsky.com<\/a>
Tel: (212) 363-7500
Fax: (212) 363-7171<\/p>\n

Attorney Advertising. Prior results do not guarantee similar outcomes.<\/p>\n

\n \"Cision\" View original content to download multimedia:https:\/\/www.prnewswire.com\/news-releases\/parsons-investigation-notice-levi–korsinsky-notifies-investors-of-pending-investigation-into-parsons-psn-302839280.html<\/a><\/p>\n

SOURCE Levi & Korsinsky, LLP<\/p>\n<\/p><\/div>\n

\"\"<\/p>\n","protected":false},"excerpt":{"rendered":"

PR Newswire Parsons Corporation cut its full-year 2026 revenue and adjusted EBITDA targets on July 29, 2026, months after reaffirming them — the stock price fell 35% as the Company disclosed a terminated fixed-price contract and project delays behind the shortfall. NEW YORK, July 30, 2026 \/PRNewswire\/ — Parsons Corporation (NYSE: PSN) lowered its full-year 2026 adjusted EBITDA guidance to $500-$560 million from $615-$675 million on July 29, 2026 — a reduction of as much as $115 million — and cut revenue guidance to $6.2-$6.5 billion from $6.5-$6.8 billion, and the stock dropped 35%. Shareholders who lost money on PSN are encouraged to submit their losses for review\u00a0now. You may also contact Joseph E. Levi, Esq. at jlevi@levikorsinsky.com\u00a0or (212) 363-7500. … <\/p>\n

Continue reading “Parsons Investigation Notice: Levi & Korsinsky Notifies Investors of Pending Investigation Into Parsons (PSN)”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-987454","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nParsons Investigation Notice: Levi & Korsinsky Notifies Investors of Pending Investigation Into Parsons (PSN) - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/parsons-investigation-notice-levi-korsinsky-notifies-investors-of-pending-investigation-into-parsons-psn\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Parsons Investigation Notice: Levi & Korsinsky Notifies Investors of Pending Investigation Into Parsons (PSN) - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire Parsons Corporation cut its full-year 2026 revenue and adjusted EBITDA targets on July 29, 2026, months after reaffirming them — the stock price fell 35% as the Company disclosed a terminated fixed-price contract and project delays behind the shortfall. NEW YORK, July 30, 2026 \/PRNewswire\/ — Parsons Corporation (NYSE: PSN) lowered its full-year 2026 adjusted EBITDA guidance to $500-$560 million from $615-$675 million on July 29, 2026 — a reduction of as much as $115 million — and cut revenue guidance to $6.2-$6.5 billion from $6.5-$6.8 billion, and the stock dropped 35%. Shareholders who lost money on PSN are encouraged to submit their losses for review\u00a0now. You may also contact Joseph E. 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