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 Chicago Bridge & Iron Company N.V. (NYSE:CBI) (“CBI” or “the Company”). The suit is pending in the U. S. District Court for the Southern District of New York and investors, who purchased Chicago Bridge & Iron Company N.V. securities between October 29, 2013 and December 10, 2014, 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 Chicago Bridge & Iron Company N.V. 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 the company was responsible for hundreds of millions of dollars in liability and had improperly accounted for its goodwill during 2013 to cover losses associated with construction delays and cost overruns on the Nuclear Projects. The complaint also alleges that CBI failed to establish and disclose an appropriate reserve for this liability in its financial statements and CBI lacked effective internal controls over financial reporting. Due to these false statements and/or omissions, CBI stock traded at artificially exaggerated prices of over $87 per share during the Class Period.

On June 17, 2014, a report published by Prescience Point claimed that CB&I had incorrectly accounted for its goodwill during 2013 to conceal losses related to issues with certain of the Company's nuclear power projects. 

Following this news, NYSE:CBI fell $5.32, or 7.23%, to close at $68.26 on June 17, 2014.  Additionally, between June 2014 and December 2014, NYSE:CBI price continued to fall in response to further disclosures concerning the nuclear projects.

If you were negatively impacted by your investment in Chicago Bridge & Iron Company N.V. securities between October 29, 2013 and December 10, 2014 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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