NEW YORK, NY / ACCESSWIRE / April 21, 2017 / The following statement is being issued by Levi & Korsinsky, LLP:
To: All persons or entities who purchased or otherwise acquired securities of Babcock & Wilcox Enterprises, Inc. ("Babcock & Wilcox") (NYSE: BW) between July 1, 2015 and February 28, 2017. You are hereby notified that Levi & Korsinsky has commenced the securities class action lawsuit Hegeman v. Babcock & Wilcox Enterprises, Inc., et al. (Case No. 3:17-cv-00125-MOC-DCK) in the USDC for the Western District of North Carolina. To get more information go to: http://www.zlk.com/pslra-sa/babcock-wilcox-enterprises-inc?wire=1 or contact Joseph E. Levi, Esq. either via email at [email protected] or by telephone at (212) 363-7500, toll-free: (877) 363-5972. There is no cost or obligation to you.
The complaint alleges that throughout the class period Defendants issued materially false and/or misleading statements and/or failed to disclose: (1) the issues with the Company's European renewable contract, including the issues it caused with productivity and schedule issues in other Renewable segment projects; (2) the effect these issues would have on the Company's financials and the Company's ability to meet its guidance.
On February 28, 2017, Babcock & Wilcox announced its fourth quarter and full year 2016 financial results, announcing it lost $71.6 million or $1.47 per share in the fourth quarter. The Company also announced it took charges in the fourth quarter of 2016 resulting from its Renewable business.
If you suffered a loss in Babcock & Wilcox you have until May 2, 2017 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
Levi & Korsinsky is a national firm with offices in New York, New Jersey, California, Connecticut, and Washington D.C. The firm's attorneys have extensive expertise and experience representing investors in securities litigation, and have recovered hundreds of millions of dollars for aggrieved shareholders. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
30 Broad Street - 24th Floor
New York, NY 10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (212) 363-7171
www.zlk.com
SOURCE: Levi & Korsinsky, LLP