LOS ANGELES--(BUSINESS WIRE)--Lundin Law PC, a shareholder rights firm, announces that it is investigating claims against Babcock & Wilcox (“Babcock” or the “Company”) (NYSE: BW) concerning possible violations of federal securities laws.
On March 1, 2017, Babcock & Wilcox announced poor fourth quarter 2016 results, detailing “fourth quarter 2016 revenues of $380.0 million, a decrease of $122.7 million, or 24.4%, compared to the fourth quarter of 2015. GAAP earnings per share for the fourth quarter of 2016 were a loss of $1.47 compared to a loss per share of $0.10 for the fourth quarter of 2015.”
When this news was released to the public, the value of Babcock dropped, causing investors harm.
Lundin Law PC was founded by Brian Lundin, a securities litigator based in Los Angeles dedicated to upholding shareholders’ rights.
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