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Press release from Business Wire

SHAREHOLDER ALERT: Levi & Korsinsky, LLP Announces Investigation into Possible Breaches of Fiduciary Duty by the Board of Shaw Group Inc. in Connection with the Sale of the Company to CB&I

Monday, July 30, 2012

SHAREHOLDER ALERT: Levi & Korsinsky, LLP Announces Investigation into Possible Breaches of Fiduciary Duty by the Board of Shaw Group Inc. in Connection with the Sale of the Company to CB&I14:00 EDT Monday, July 30, 2012 NEW YORK (Business Wire) -- Levi & Korsinsky is investigating the Board of Directors of Shaw Group Inc. (“Shaw” or the “Company”) (NYSE: SHAW) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to CB&I (NYSE: CBI). Click here to learn how to join the action: http://zlk.9nl.com/shaw-group-shaw, or call: 877-363-5972. There is no cost or obligation to you. Under the terms of the transaction, Shaw shareholders will receive $41.00 in cash and 0.12883 shares of CB&I stock for each share of Shaw stock they own, representing a value of approximately $46.00 per share. The transaction has a total approximate value of $3 billion. The investigation concerns whether the Shaw Board of Directors breached their fiduciary duties to Shaw stockholders by failing to adequately shop the Company before entering into this transaction and whether CB&I is underpaying for Shaw shares, thus unlawfully harming Shaw stockholders. If you own common stock in Shaw and wish to obtain additional information, please contact Joseph E. Levi, Esq. either via email at jlevi@zlk.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or http://zlk.9nl.com/shaw-group-shaw. Levi & Korsinsky is a national firm with offices in New York and Washington D.C. The firm has extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. The attorneys at Levi & Korsinsky have been appointed by numerous courts throughout the country to serve as lead counsel on behalf of shareholders in major securities lawsuits and have successfully recovered multimillion-dollar damages awards on behalf of investors. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes. Levi & Korsinsky, LLPJoseph Levi, Esq.Eduard Korsinsky, Esq.30 Broad Street - 24th FloorNew York, NY 10004Tel: (212) 363-7500Toll Free: (877) 363-5972Fax: (212) 363-7171www.zlk.com