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 (email@example.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.