SOURCE: Faruqi & Faruqi, LLP

Faruqi & Faruqi, LLP

October 31, 2014 21:05 ET

INVESTOR ALERT: Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses in Excess of $100,000 Investing in Willbros Group Inc. (WG) to Contact the Firm

NEW YORK, NY--(Marketwired - October 31, 2014) - 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.

Request more information now by clicking here: www.faruqilaw.com/WG. There is no cost or obligation to you.

Take Action

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, visit www.faruqilaw.com/WG. You can also contact us by calling Richard Gonnello toll free at 877-247-4292 or at 212-983-9330 or by sending an e-mail to rgonnello@faruqilaw.com. Faruqi & Faruqi, LLP also encourages anyone with information regarding Willbros' conduct to contact the firm, including whistleblowers, former employees, shareholders and others.

Faruqi & Faruqi, LLP is a national law firm which represents investors and individuals in class action litigation. The firm is focused on providing exemplary legal services in complex litigation in the areas of securities, shareholder, antitrust and consumer litigation, throughout all phases of litigation. The firm has an experienced trial team which has achieved significant victories on behalf of the firm's clients. To keep track of the latest securities litigation news, follow us on Twitter at www.twitter.com/MergerActivity or on Facebook at www.facebook.com/FaruqiLaw.

Attorney Advertising. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We welcome the opportunity to discuss your particular case. All communications will be treated in a confidential manner.

Contact Information

  • FARUQI & FARUQI, LLP
    369 Lexington Avenue, 10th Floor
    New York, NY 10017
    Attn: Richard Gonnello, Esq.
    rgonnello@faruqilaw.com
    Telephone: (877) 247-4292 or (212) 983-9330