NEW ORLEANS -- (Business Wire)
Kahn Swick & Foti, LLC ("KSF") and KSF partner, the former Attorney
General of Louisiana, Charles C. Foti, Jr., remind investors that they
have until December 29, 2014 to file lead plaintiff applications
in a securities class action lawsuit against Willbros Group, Inc. (NYSE:
WG) if they purchased the Company’s securities between August 4, 2014
and October 21, 2014, inclusive (the “Class Period”). This action is
pending in the United States District Court for the Southern District of
Texas.
What You May Do
If you purchased shares of Willbros Group and would like to discuss your
legal rights and how this case might affect you and your right to
recover for your economic loss, you may, without obligation or cost to
you, call toll-free at 1-877-515-1850 or email KSF Managing Partner
Lewis Kahn (lewis.kahn@ksfcounsel.com).
If you wish to serve as a lead plaintiff in this class action, you must
petition the Court by December 29, 2014.
About the Lawsuit
Willbros Group and certain of its executives are charged with issuing a
series of materially false and misleading statements during the Class
Period, violating federal securities laws.
After the market close on October 21, 2014, Willbros Group announced
that its second quarter financial results should no longer be relied
upon by investors and had to be restated, which would require Willbros
Group to reverse $8 million in pre-tax income and record approximately
$14-$16 million in estimated pre-tax losses at completion.
On this news, price of Willbros Group shares plummeted by over 35%.
About Kahn Swick & Foti, LLC
To learn more about KSF, whose partners include the Former Louisiana
Attorney General, Charles C. Foti, Jr., and other lawyers with
significant experience litigating complex securities class actions
nationwide on behalf of both institutional and individual shareholders,
you may visit www.ksfcounsel.com.
Contacts:
Kahn Swick & Foti, LLC
Lewis Kahn, 1-877-515-1850
Managing
Partner
lewis.kahn@ksfcounsel.com
Source: Kahn Swick & Foti, LLC
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