NEW YORK, March 6, 2017 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Chicago Bridge & Iron Company N.V. ("CB&I" or the "Company") (NYSE: CBI). Such investors are advised to contact Robert S. Willoughby at email@example.com or 888-476-6529, ext. 9980.
The investigation concerns whether CB&I and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
On June 17, 2014, Prescience Point published a report alleging that CB&I had erroneously accounted for its goodwill during 2013 to conceal losses related to issues with certain of the Company's nuclear power projects.
On this news, CB&I's share price fell $5.32, or 7.23%, to close at $68.26 on June 17, 2014. Additionally, between June 2014 and December 2014, CB&I's share price continued to fall in response to further disclosures concerning the nuclear projects.
The Pomerantz Firm, with offices in New York, Chicago, Florida, and Los Angeles, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 80 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com.
Robert S. Willoughby
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SOURCE Pomerantz LLP