Stockholder Disclosures

Boise, ID: (Oct-19-07) A putative class of Washington Group stockholders brought a lawsuit against Washington Group International, Inc., stating that the company failed to provide supplemental disclosures to stockholders. The suit was filed in the Delaware Chancery Court and reached a settlement on behalf of the putative class. Under the agreement, the company agreed to provide supplemental disclosures to stockholders, which are included in a Form 8-K filed with the Securities and Exchange Commission. Sources stated that the company continued to encourage all Washington Group stockholders to vote in favor of the proposed merger transaction with URS Corporation. Under the terms of the merger agreement, as was announced on May 28, 2007, Washington Group stockholders stand to receive $43.80 in cash and 0.772 shares of URS common stock for each Washington Group share. [CNN NEWS: STOCKHOLDER DISCLOSURES]

Legal Help

If you have a similar problem and would like to be contacted by a lawyer at no cost or obligation, please fill in our form on the right.

Add Your Comment on This Issue

Fields marked * are mandatory. Please read our comment guidelines before posting.


Note: Your name will be published with your comment.

*Email Address:

Your email will only be used if a response is needed.

*Your Comment:
Request Legal Help