LOS ANGELES--(BUSINESS WIRE)--Glancy Prongay & Murray LLP (“GPM”) announces an investigation on behalf of Chicago Bridge & Iron Company N.V. (“CBI” or the “Company”) (NYSE: CBI) investors concerning the Company and its officers’ possible violations of federal securities laws.
On June 17, 2014, Prescience Point alleged that CBI had erroneously accounted for its goodwill during 2013 to conceal losses related to issues with the Company’s Nuclear Projects. On this news, shares of CBI fell over 8%. Additionally, between June 2014 and December 2014, shares of CBI continued to drop to below $40 per share in response to the release of information concerning who might be liable for cost overruns and project delays associated with the Nuclear Projects.
If you purchased CBI securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Lesley Portnoy, Esquire, of GPM, 1925 Century Park East, Suite 2100, Los Angeles, California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by email to firstname.lastname@example.org, or visit our website at www.glancylaw.com. If you inquire by email please include your mailing address, telephone number and number of shares purchased.
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