$CDNL Stock Losses: BFA Law Reminds Cardinal Infrastructure Investors with Losses of the Ongoing Securities Fraud Investigation into Potential Acquisition Misrepresentations
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.