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Babcock & Wilcox Enterprises, Inc. (BW) Information Request Form

The Klein Law Firm announces that a class action complaint has been filed on behalf of shareholders of Babcock & Wilcox Enterprises, Inc. (NYSE: BW) who purchased shares between July 1, 2015 and February 28, 2017. The action, which was filed in the United States District Court for the Western District of North Carolina, alleges that the Company violated federal securities laws.

In particular, the complaint alleges that throughout the Class Period, defendants made materially false and/or misleading statements and/or failed to disclose that (1) although the Company disclosed issues with a single project in its Renewable business segment, it failed to disclose that similar problems were significantly impacting other projects in the same segment; and (2) the Company assured investors that the problems were “a single project issue.”

On February 28, 2017, Babcock & Wilcox announces 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, which reduced margins, and increased its contingencies for several of its Renewable projects. On this news, shares of Babcock & Wilcox fell approximately 37% to close at $10.33 per share on March 1, 2017.

Shareholders have until May 2, 2017 to petition the court for lead plaintiff status. Your ability to share in any recovery does not require that you serve as lead plaintiff. You may choose to be an absent class member.

Keep Me Informed

The Klein Law Firm does not share your information with others. There is no cost or obligation. This submission does not create an attorney-client relationship. If we believe that you might be an appropriate lead plaintiff, we will contact you to discuss whether to establish an attorney-client relationship.

This letter confirms that you have retained The Klein Law Firm to represent you as a named plaintiff in a shareholder action involving Babcock & Wilcox Enterprises, Inc.

We agree to advance all expenses in the litigation, which means that you are not liable to pay any of the expenses of the lawsuit, whether attorneys' fees or costs. Regardless of the result, we will never ask you to directly pay for any attorneys' fees or costs. Should we obtain a favorable result, we may ask the court to award us compensation to be paid by the defendants or as a portion of any class benefit, but, again, we will never ask you to directly pay any of the costs of this litigation.

As the client you are entitled to direct the litigation in any way you deem proper, and may at any time order us to dismiss the case or opt-out. Should you choose to do so, we will never ask you to reimburse us directly for any legal fees or expenses. During the course of this litigation, we may employ and/or work with other law firms to prosecute your case.

We look forward to representing you and other Babcock & Wilcox Enterprises, Inc. shareholders.


The Klein Law Firm

Joseph Klein

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