Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses In Excess Of $100,000 Investing In Willbros Group Inc. (WG) To Contact The Firm
Faruqi & Faruqi, LLP, a leading national securities law firm, reminds investors in Willbros Group Inc. (“Willbros” or the “Company”) (NYSE: WG) of the December 29, 2014 deadline to seek the role of lead plaintiff in a federal securities class action lawsuit filed against Willbros and certain executives.
A complaint has been filed in the United States District Court for the Southern District of Texas on behalf of all persons who purchased Willbros securities between August 4, 2014 and October 21, 2014 (the “Class Period”).
The complaint alleges that the Company and its executives violated federal securities laws with respect to its disclosures concerning its business, operations, and prospects.
Specifically, the action alleges that during the Class Period, Willbros made false and misleading statements concerning its second quarter 2014 financial results including deterioration charges in connection with a significant pipeline construction project.
On October 21, 2014, the Company announced its intention to restate second quarter 2014 results due to pipeline construction project deterioration charges not previously recognized.
Following this news, the price of Willbros stock declined by $2.75 per share, or over 35%, to close on October 22, 2014 at $4.90 per share.
If you invested in Willbros common stock or options between August 4, 2014 and October 21, 2014, and would like to discuss your legal rights, you can contact us by calling Richard Gonnello toll free at 877-247-4292 or at 212-983-9330 or by sending an e-mail to firstname.lastname@example.org. Faruqi & Faruqi, LLP also encourages anyone with information regarding Willbros’ conduct to contact the firm, including whistleblowers, former employees, shareholders and others.
Richard W. Gonnello
Faruqi & Faruqi, LLP
685 Third Avenue 26th Floor
New York, NY 10017
Tel: (212) 983-9330
If you have information regarding this case that you would like to make available, please click here to contact us about our investigation.