TRADING ALERT: Rosen Law Firm Reminds Willbros Group, Inc. Investors of Important December 29, 2014 Deadline in Class Action ...
December 17 2014 - 7:24PM
The Rosen Law Firm reminds purchasers of Willbros Group, Inc.
securities (NYSE:WG) between August 4, 2014 and October 21, 2014,
of the important December 29, 2014 lead plaintiff deadline in the
class action filed by the firm.
To join the Willbros class action, go to the website at
http://www.rosenlegal.com/cases-408.html or call Phillip Kim, Esq.
or Kevin Chan, Esq. toll-free at 866-767-3653 or email
pkim@rosenlegal.com or kchan@rosenlegal.com for information on the
class action. The suit is pending in U.S. District Court for the
Southern District of Texas.
NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A
CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU
RETAIN ONE. YOU MAY ALSO REMAIN AN ABSENT CLASS MEMBER AND DO
NOTHING AT THIS POINT. YOU MAY RETAIN COUNSEL OF YOUR CHOICE.
According to the lawsuit, Willbros issued materially false
financial statements during for the second quarter ended June 30,
2014. On October 22, 2014, Willbros announced that it intends to
restate its financial statements for the second quarter of 2014,
which should no longer be relied upon. The Company revealed that
the intended restatement stems from an error in the estimation
process of a significant pipeline construction project and its
correction would result in the reversal of approximately $8.0
million in recognized pre-tax income and the recognition of
approximately $14.0 to $16.0 million in estimated pre-tax losses at
completion. The suit claims that these adverse facts caused the
price of Willbros stock to drop by over 35% on October 22, 2014,
damaging investors.
If you wish to join the litigation and recover your losses go to
the website at http://www.rosenlegal.com/cases-408.html or to
discuss your rights or interests regarding this class action,
please contact, Phillip Kim, Esq. or Kevin Chan, Esq. of The Rosen
Law Firm toll free at 866-767-3653 or via e-mail at
pkim@rosenlegal.com or kchan@rosenlegal.com.
The Rosen Law Firm represents investors throughout the globe,
concentrating its practice in securities class actions and
shareholder derivative litigation.
CONTACT: Laurence Rosen, Esq.
Phillip Kim, Esq.
Kevin Chan, Esq.
The Rosen Law Firm P.A.
275 Madison Avenue, 34th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
lrosen@rosenlegal.com
pkim@rosenlegal.com
kchan@rosenlegal.com
www.rosenlegal.com