Federal Judge Clears Way for Jury Trial in Elon Musk’s Fraud Lawsuit Against OpenAI and Microsoft 
California Attorney General Orders xAI to Halt Illegal Grok Deepfake Imagery 
China Considers New Rules to Limit Purchases of Foreign AI Chips Amid Growing Demand 
Chevron Set to Expand Venezuela Operations as U.S. Signals Shift on Oil Sanctions 
TikTok Expands AI Age-Detection Technology Across Europe Amid Rising Regulatory Pressure 
U.S. Lawmakers Raise Alarm Over Trump Approval of Nvidia AI Chip Sales to China 
xAI Restricts Grok Image Editing After Sexualized AI Images Trigger Global Scrutiny 
Anthropic Appoints Former Microsoft Executive Irina Ghose to Lead India Expansion 
Zhipu AI Launches GLM-Image Model Trained on Huawei Chips, Boosting China’s AI Self-Reliance Drive 
U.S. Moves to Expand Chevron License and Control Venezuelan Oil Sales 
U.S. Transportation Board Sends Union Pacific–Norfolk Southern Merger Back for Revision 
Toyota Industries Buyout Faces Resistance as Elliott Rejects Higher Offer 
TSMC Shares Hit Record High as AI Chip Demand Fuels Strong Q4 Earnings 
China Halts Shipments of Nvidia H200 AI Chips, Forcing Suppliers to Pause Production 
Rio Tinto and BHP Agree to Explore Major Iron Ore Collaboration in Pilbara 
Sanofi Gains China Approval for Myqorzo and Redemplo, Strengthening Rare Disease Portfolio 
Publishers Seek to Join Lawsuit Against Google Over Alleged AI Copyright Infringement 
NEW YORK, April 10, 2017 -- The Klein Law Firm announces that a class action complaint has been filed on behalf of shareholders of Chicago Bridge & Iron Company N.V. (NYSE:CBI) who purchased shares between October 29, 2013 and December 10, 2014. The action, which was filed in the United States District Court for the Southern District of New York, alleges that the Company violated federal securities laws.
In particular, the complaint alleges that throughout the Class Period, defendants made materially false and/or misleading statements and/or failed to disclose that (i) Chicago Bridge was responsible for hundreds of millions of dollars in liability and had 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; (ii) failed to establish and disclose an appropriate reserve for this liability in its financial statements; and (iii) lacked effective internal controls over financial reporting.
Shareholders have until May 1, 2017 to petition the court for lead plaintiff status. Your ability to share in any recovery does not require that you serve as lead plaintiff. You may choose to be an absent class member.
If you suffered a loss during the class period and wish to obtain additional information, please contact Joseph Klein, Esq. by telephone at 212-616-4899 or visit http://www.kleinstocklaw.com/pslra-sa/chicago-bridge-iron-company-n-v.
Joseph Klein, Esq. is an experienced attorney and has also practiced as a Certified Public Accountant. Mr. Klein represents investors and participates in securities litigations involving financial fraud throughout the nation. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT: Joseph Klein, Esq. Empire State Building 350 Fifth Avenue 59th Floor New York, NY 10118 Telephone: (212) 616-4899 Fax: (347) 558-9665 www.kleinstocklaw.com
