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Press release from Business Wire

Faruqi & Faruqi, LLP is Seeking More Cash for the Shareholders of Shaw Group Inc. (SHAW)

Monday, July 30, 2012

Faruqi & Faruqi, LLP is Seeking More Cash for the Shareholders of Shaw Group Inc. (SHAW)20:00 EDT Monday, July 30, 2012 NEW YORK (Business Wire) -- Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Shaw Group Inc. (“Shaw” or the “Company”) (NYSE: SHAW) for potential breaches of fiduciary duties in connection with their conduct related to the sale of the Company to Chicago Bridge & Iron Company N.V. (“CB&I”) (NYSE: CBI) in a cash-and-stock deal valued at approximately $3 billion. Under the terms of the proposed transaction, Shaw's stockholders will receive $41.00 in cash and $5.00 in CB&I equity (0.12883 shares based on an agreed upon recent average stock price of $38.81 per share) for each share of Shaw's common stock they own. The transaction values the proposed consideration at approximately $46.00 a share. Request more information now by clicking here: www.faruqilaw.com/SHAW.There is no cost or obligation to you. Whether Shaw's Board of Directors breached their fiduciary duties to the Company's stockholders by failing to conduct an adequate and fair sales process prior to agreeing to this proposed transaction, whether the proposed transaction undervalues Shaw's shares and by how much this proposed transaction undervalues the Company to the detriment of Shaw's shareholders are the key focus of this investigation. Faruqi & Faruqi, LLP is a national law firm which represents investors and individuals in class action litigation. The firm is focused on providing exemplary legal services in complex litigation in the areas of securities, shareholder, antitrust and consumer litigation, throughout all phases of litigation. The firm has an experienced trial team which has achieved significant victories on behalf of the firm's clients. If you own common stock in Shaw and wish to obtain additional information and protect your investments free of charge, please visit us at www.faruqilaw.com/SHAW or contact Juan E. Monteverde, Esq. either via e-mail at jmonteverde@faruqilaw.com or by telephone at (877) 247-4292 or (212) 983-9330. Attorney Advertising. (C) 2012 Faruqi & Faruqi, LLP. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We are happy to discuss your particular case. Faruqi & Faruqi, LLP369 Lexington Avenue, 10th FloorNew York, NY 10017Attn: Juan E. Monteverde, Esq.jmonteverde@faruqilaw.comToll Free: 877-247-4292Phone: 212-983-9330