RM LAW Announces Investigation of Babcock & Wilcox Enterprises, Inc.

BERWYN, Pa., March 21, 2018 /PRNewswire/ -- RM LAW, P.C. has commenced an investigation into potential securities law violations by certain officers of Babcock & Wilcox Enterprises, Inc. ("Babcock & Wilcox" or the "Company") (NYSE: BW).

If you purchased shares of Babcock & Wilcox and would like to learn more about these claims or if you wish to discuss these matters and have any questions concerning this announcement or your rights, contact Richard A. Maniskas, Esquire toll-free at (844) 291-9299 or to sign up online, click here.

On June 28, 2016, Babcock disclosed an "isolated" problem with "a single project" in its Renewable segment, downplaying the extent of the condition. On February 28, 2017, Babcock announced disappointing Q4 and YE 2016 results, including charges and increased contingencies for Renewable projects, yet continued to downplay delays and cost overruns. Following this news, Babcock's stock fell 37%, erasing approximately $300 million of market capitalization in one day. On August 9, 2017, Babcock revealed negative results for Q2 2017, due to additional cost overruns and delays on Renewable projects including $115 million in charges, and also a material weakness in the internal controls over financial reporting at one Renewable unit. Recently, on March 1, 2018, Babcock reported per share losses of $2.44 for Q4 2017 and $8.09 for the year.

For more information regarding this, please contact RM LAW, P.C.  (Richard A. Maniskas, Esquire) toll-free at (844) 291-9299 or by email at rm@maniskas.com or click here.   For more information about class action cases in general or to learn more about RM LAW, P.C. please visit our website by clicking here. 

RM LAW, P.C. is a national shareholder litigation firm.  RM LAW, P.C. is devoted to protecting the interests of individual and institutional investors in shareholder actions in state and federal courts nationwide.

CONTACT: RM LAW, P.C.
Richard A. Maniskas, Esquire
1055 Westlakes Dr., Ste. 300
Berwyn, PA 19312
484-324-6800
844-291-9299
rm@maniskas.com 

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SOURCE RM LAW, P.C.