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Press release from Business Wire

Shaw Group Shareholder Alert: The Securities Attorneys at The Briscoe Law Firm and Powers Taylor, LLP Announce Investigation of the Acquisition of The Shaw Group Inc. by CB&I

Monday, July 30, 2012

Shaw Group Shareholder Alert: The Securities Attorneys at The Briscoe Law Firm and Powers Taylor, LLP Announce Investigation of the Acquisition of The Shaw Group Inc. by CB&I12:35 EDT Monday, July 30, 2012 DALLAS (Business Wire) -- Former United States Securities and Exchange Commission attorney Willie Briscoe and the securities litigation firm of Powers Taylor, LLP are investigating the sale of The Shaw Group Inc. (“SHAW”) (NYSE: SHAW) to CB&I for shareholders. Under the proposed acquisition agreement, SHAW shareholders will receive only $41.00 in cash and $5.00 in CB&I equity for each share of SHAW stock owned. If you are an affected investor, and you want to learn more about the lawsuit or join the action, contact Patrick Powers at Powers Taylor, LLP, toll free (877) 728-9607, or via e-mail at patrick@powerstaylor.com. There is no cost or fee to you. This cash and stock transaction is expected to close in the first calendar quarter of 2013 and is valued at approximately $3 billion. The investigation centers on whether SHAW shareholders are receiving adequate compensation for their shares in the buyout, whether the transaction undervalues SHAW stock, and whether SHAW's board attempted to obtain the highest share price for all shareholders prior to agreeing to the deal. “Due to the size of the deal and other factors, we want to ensure that shareholders are receiving a fair price for their SHAW shares. As such, we are prepared to initiate litigation to preserve the shareholders' rights,” said shareholder rights attorney Willie Briscoe. The Briscoe Law Firm, PLLC is a full service business litigation and shareholder rights advocacy firm with more than 20 years of experience in complex litigation and transactional matters. Powers Taylor, LLP is a boutique litigation law firm that handles a variety of complex business litigation matters, including claims of investor and stockholder fraud, shareholder oppression, shareholder derivative suits, and security class actions. Powers Taylor, LLPPatrick Powers, 877-728-9607patrick@powerstaylor.com