Monteverde & Associates PC Files Class Action Lawsuit On Behalf Of Shareholders Of Chicago Bridge & Iron Company N.V. In The Southern District Of Texas Houston Division

NEW YORK, Feb. 1, 2018 /PRNewswire/ -- Notice is hereby given that Monteverde & Associates PC has filed a class action lawsuit in the United States District Court for The Southern District Of Texas Houston Division, case no. 4:18-cv-00273, on behalf of stockholders of Chicago Bridge & Iron Company N.V. ("CB&I" or the "Company") (NYSE: CBI) who held CB&I securities and have been harmed by CB&I and its board of directors' (the "Board") for alleged violations of Sections 14(a) and 20(a) of the Securities Exchange Act of 1934 ("Exchange Act"), 15 U.S.C. §§ 78n(a) and 78t(a) respectively, and United States Securities and Exchange Commission ("SEC") Rule 14a-9, 17 C.F.R. § 240.14a-9 in connection with acquisition of CB&I by McDermott International, Inc. ("McDermott") through a merger transaction as alleged in detail herein (the "Proposed Transaction").

Under the terms of the agreement, CB&I stockholders will receive 2.47221 shares of McDermott common stock in exchange for each share of CB&I they own (the "Merger Consideration"). The complaint alleges that the Registration Statement Form S-4 (the "S-4") contains materially incomplete and misleading information concerning: (i) financial projections for CB&I; (ii) financial projections for McDermott; (iii) financial projections for the operating synergies projected to result from the Proposed Transaction (the "Synergies"); (iv) the valuation analyses performed by the CB&I's financial advisor, Centerview Partners LLC ("Centerview"), in support of their fairness opinions; (v) the valuation analyses performed by the McDermott's financial advisors, Goldman Sachs & Co. LLC ("Goldman Sachs") and Greenhill & Co., LLC ("Greenhill," and together with Goldman Sachs "McDermott's Financial Advisors"), in support of their fairness opinions; and (vi) the background process leading to the Proposed Transaction.

If you wish to serve as lead plaintiff, you must move the Court no later than 60 days from today.  Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member.  If you wish to discuss this action, or have any questions concerning this notice or your rights or interests, please contact:

Click here for more information: www.monteverdelaw.com/investigations/m-a/ It is free and there is no cost or obligation to you.

Monteverde & Associates PC is a boutique class action securities and consumer litigation law firm committed that has recovered millions of dollars and is committed to protecting shareholders and consumers from corporate wrongdoing.  Monteverde & Associates PC lawyers have significant experience litigating Mergers & Acquisitions and Securities Class Actions, whereby they protect investors by recovering money and remedying corporate misconduct. Mr. Monteverde, who leads the legal team at the firm, has been recognized by Super Lawyers as a Rising Star in Securities Litigation in 2013 and 2017, an award given to less than 2.5% of attorneys in a particular field.  He has also been selected by Martindale-Hubbell as a 2017 Top Rated Lawyer.

Contact:
Juan E. Monteverde, Esq.
MONTEVERDE & ASSOCIATES PC
The Empire State Building
350 Fifth Ave, Suite 4405
New York, NY 10118
United States of America
[email protected]
Tel: (212) 971-1341

Attorney Advertising. (C) 2018 Monteverde & Associates PC.  Prior results do not guarantee a similar outcome with respect to any future matter. 

SOURCE Monteverde & Associates PC

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