Press release from Business Wire
The Law Firm of Weiss & Lurie Investigates The Shaw Group Inc.
Monday, July 30, 2012
The Law Firm of Weiss & Lurie Investigates The Shaw Group Inc.12:12 EDT Monday, July 30, 2012 NEW YORK (Business Wire) -- Weiss & Lurie, a national class action and shareholder rights law firm with offices in New York City and Los Angeles, is investigating possible breaches of fiduciary duty and other violations of law by the Board of Directors of The Shaw Group Inc. (NYSE: SHAW) arising from its agreement for Shaw to be acquired by Chicago Bridge & Iron Co. (NYSE: CBI) for $46.00 per share in cash and stock. Under the terms of the agreement, Shaw's shareholders will receive $41 in cash and $5 in CB&I equity for each share of Shaw stock at closing. Weiss & Lurie is investigating whether Shaw's Board acted in the best interests of shareholders in approving this deal. At the end of May 2012, Shaw had a backlog of $18.2 billion. Moreover, Shaw had increased revenues and gross profit for the third quarter of fiscal year 2012 compared to the third quarter of 2011. Shaw reported $1.6 billion in revenues compared to $1.5 billion and $56.5 million in gross profit compared to $10.1 million. If you own Shaw shares and would like more information about your rights as a shareholder or additional information concerning our investigation, please contact Michael A. Rogovin either by email at firstname.lastname@example.org or by telephone at (888) 593-4771. Weiss & Lurie has litigated hundreds of stockholder class and derivative actions for violations of corporate and fiduciary duties. We have recovered over a billion dollars for defrauded institutions and individuals and obtained important corporate governance in these cases. If you have information or would like legal advice concerning possible corporate wrongdoing (including insider trading, waste of corporate assets, accounting fraud, or issuing materially misleading information), consumer fraud (including false advertising, defective products, or other deceptive business practices), or anti-trust violations, please email us at email@example.com or fill out the form on our website, http://www.weisslurie.com/contact/report_fraud/. Attorney Advertising. Past results do not guarantee a similar outcome. Weiss & LurieMichael A. Rogovin, Esq.1500 Broadway, 16th FloorNew York, NY 10036T: 212.682.3025F: firstname.lastname@example.org