NEW YORK, Oct. 30, 2014 (GLOBE NEWSWIRE) -- Wolf Haldenstein Adler Freeman & Herz LLP announces that a securities class action lawsuit has been filed in the United States District Court for the Southern District of Texas on behalf of investors, who acquired Willbros Group, Inc. ("Willbros" or the "Company") (NYSE:WG) securities during the period from August 4, 2014 through October 21, 2014 (the "Class Period"), inclusive.
On October 21, 2014, the Company announced the need to restate its previously-issued financial results for the second quarter of 2014. On this news, the Company's stock price declined from $7.65 per share on October 21, 2014 to $4.90 per share on October 22, 2014, a one-day loss of value of 35%.
If you purchased Willbros Group, Inc. securities during the Class Period, you may move to be appointed as lead plaintiff by December 29, 2014. A lead plaintiff is a representative party that acts on behalf of other class members in directing the litigation. Your ability to share in any recovery is not, however, affected by the decision whether or not to serve as a lead plaintiff. You may retain Wolf Haldenstein, or other counsel of your choice, to serve as your counsel in this action.
Wolf Haldenstein has extensive experience in the prosecution of securities class actions and derivative litigation in state and federal trial and appellate courts across the country. The firm has over 70 attorneys in various practice areas; and offices in New York, Chicago and San Diego. The reputation and expertise of this firm in shareholder and other class litigation has been repeatedly recognized by the courts, which have appointed it to major positions in complex securities multi-district and consolidated litigation.
If you wish to discuss this action or have any questions regarding your rights and interests in this case, please contact Wolf Haldenstein Adler Freeman & Herz LLP by telephone at (800) 575-0735, via e-mail at classmember@whafh.com, or visit our website at www.whafh.com. All e-mail correspondence should make reference to the "Willbros Investigation."
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