EQUITY ALERT: Khang & Khang LLP Announces Securities Class Action Lawsuit against Chicago Bridge & Iron Company N.V. and Reminds Investors with Losses to Contact the Firm

Accesswire 21-Apr-2017 5:47 PM

IRVINE, CA / ACCESSWIRE / April 21, 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") (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 the Company's 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, Chicago Bridge made material false and/or misleading statements and/or failed to disclose: that the Company 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, Chicago Bridge's stock price declined, causing investors harm.

If you wish to learn more about this lawsuit, or if you have any questions about 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.

This press release may constitute Attorney Advertising in certain jurisdictions.

Contact

Joon M. Khang, Esq. Telephone: 949-419-3834 Facsimile: 949-225-4474 joon@khanglaw.com

SOURCE: Khang & Khang LLP

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