Thieler Law Corp advises investors with losses exceeding $100,000 of the May 2, 2017 lead plaintiff deadline in a class action lawsuit filed against Babcock & Wilcox Enterprises Inc (NYSE: BW) (“Babcock” or “the Company”). The suit is pending in the U.S. District Court for the Western District of North Carolina and investors, who purchased Babcock & Wilcox Enterprises Inc securities between July 1, 2015 and February 28, 2017, have until May 2, 2017 to move for lead plaintiff. You do not need to move for lead plaintiff to be a member of the Class.

If you purchased Babcock & Wilcox Enterprises Inc securities during the Class Period, and have losses over $100,000, you may contact Thieler Law Corp by calling at (619) 377 - 4324 or emailing mail@thielerlaw.com . No class has been certified in this case, and if your losses are less than $100,000 you are still a member of the class.

The complaint alleges that during the Class Period defendants made false and misleading statements and/or allegedly failed to disclose that Babcock & Wilcox’s Renewable business had productivity and scheduling issues; these undisclosed problems decreased profit margins and worsened financial performance; Babcock & Wilcox’s Renewable business suffered from problematic on-site project management and a lack of resources in engineering and project management groups, which resulted in overly aggressive project bidding, project delays, and engineering errors; Babcock & Wilcox lacked adequate project management processes in its Renewable business, which negatively impacted performance on key projects from bidding through execution; as a result, defendants’ statements regarding Babcock & Wilcox’s outlook and expected financial performance were false and misleading and lack a reasonable basis when made.

On March 1, 2017, Babcock revealed unsatisfactory fourth quarter 2016 outcomes, reporting “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.”

Upon release of this information, NYSE: BW dropped, causing investors harm.

If you were negatively impacted by your investment in Babcock & Wilcox Enterprises Inc securities between July 1, 2015 and February 28, 2017 and would like to learn more about this lawsuit and your ability to participate as a lead plaintiff, please contact us for your no-cost evaluation.

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