IRVINE, CA / ACCESSWIRE / April 15, 2017 / Khang & Khang LLP (the "Firm") announces the filing of a class action lawsuit against Chicago Bridge & Iron Company N.V. ("Chicago Bridge" or the "Company") (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 Chicago Bridge shares 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 by e-mail at joon@khanglaw.com.
There has been no class certification in this case yet. 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 during 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 information was revealed to the public, the stock price of Chicago Bridge declined, causing investors harm.
If you wish to learn more about this lawsuit, or if you have any questions regarding this notice or your rights, please contact Joon M. Khang, a prominent litigator for almost two decades, by telephone: (949) 419-3834, or by e-mail at joon@khanglaw.com.
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Contact
Joon M. Khang, Esq.
Telephone: 949-419-3834
Facsimile: 949-225-4474
joon@khanglaw.com
SOURCE: Khang & Khang LLP