BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith announces an investigation on behalf of investors 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 segment. 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 segment.
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 Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to email@example.com, or visit our website at www.howardsmithlaw.com.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.