Shareholder rights law firm Johnson & Weaver, LLP is investigating whether certain officers and directors of Willbros Group, Inc. (NYSE: WG) violated state or federal laws in connection with previously released financial statements.
On October 22, 2014, Willbros announced that second quarter 2014 financial statements were to be restated. The Company identified deterioration of a significant pipeline construction project. This restatement will reverse approximately $8.0 million in pre-tax income and include approximately $14.0 to $16.0 million in estimated pre-tax losses at project completion. As a result, the Company stated that the second quarter financial statements should no longer be relied upon.
If you have information that could assist in this investigation, or if you are a Willbros shareholder and are interested in learning more about the investigation or your legal rights and remedies, please contact Jim Baker (jimb@johnsonandweaver.com) by email or by phone at 619-814-4471. If you email, please include your phone number.
About Johnson & Weaver, LLP:
Johnson & Weaver, LLP is a nationally recognized shareholder rights law firm with offices in California, New York and Georgia. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. For more information about the firm and its attorneys, please visit http://www.johnsonandweaver.com. Attorney advertising. Past results do not guarantee future outcomes.
Contacts:
Jim Baker, 619-814-4471
jimb@johnsonandweaver.com
