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IRVINE, Calif., March 28, 2017 -- Khang & Khang LLP (the “Firm”) announces a class action lawsuit against Chicago Bridge & Iron Company N.V. (“Chicago Bridge” or the “Company”) (NYSE:CBI). Investors who purchased or otherwise acquired shares between October 29, 2013 and December 10, 2014, inclusive (the “Class Period”), are encouraged to contact the Firm in advance of the May 1, 2017 lead plaintiff motion deadline.
If you purchased shares of Chicago Bridge during the Class Period, please contact Joon M. Khang, Esquire, of Khang & Khang, 18101 Von Karman Avenue, 3rd Floor, Irvine, CA 92612, by telephone: (949) 419-3834, or via e-mail at [email protected].
There has been no class certification in this case. Until certification occurs, you are not represented by an attorney. You may choose to take no action and remain a passive class member.
The complaint alleges that throughout the Class Period, the Company made material false and/or misleading statements and/or failed to disclose: that Chicago Bridge was responsible for hundreds of millions of dollars in liability and improperly accounted for its goodwill during 2013, to cover losses associated with construction delays and cost overruns on contracts to complete construction on two new nuclear power plants; that the Company failed to establish and disclose an appropriate reserve for this liability in its financial statements; and that Chicago Bridge lacked effective internal controls over financial reporting. When this news was revealed to the public, shares of Chicago Bridge fell in value, causing investors harm.
If you wish to learn more about this lawsuit, or if you have questions concerning this notice or your rights, please contact Joon M. Khang, a prominent litigator for almost two decades, by telephone: (949) 419-3834, or via e-mail at [email protected].
This press release may constitute Attorney Advertising in some jurisdictions.
Joon M. Khang, Esq. Telephone: 949-419-3834 Facsimile: 949-225-4474 [email protected]
