The Law Firm of Goldman Scarlato & Karon, P.C. Announces That the Lead Plaintiff Deadline in the Class Action Lawsuit against Chicago Bridge & Iron Co. NV is April 18, 2006

Business Wire, April 13, 2006

CONSHOHOCKEN, Pa. -- Goldman Scarlato & Karon, P.C., a law firm with offices in Pennsylvania and Ohio, announces that the Lead Plaintiff deadline for the lawsuit filed in the United States District Court for the Southern District of New York, on behalf of persons who purchased or otherwise acquired publicly traded securities of Chicago Bridge & Iron Co. NV ("Chicago Bridge" or the "Company") (NYSE:CBI) between March 9, 2005 and February 3, 2006, inclusive, (the "Class Period") is April 18, 2006. The lawsuit was filed against Chicago Bridge and certain officers and directors ("Defendants").

If you are a member of this class and wish to view a copy of a complaint and join this class action, please e-mail us at info@gsk-law.com and request a copy of the complaint and a plaintiff certification. If you are a member of the Class, you may move the Court no later than April 18, 2006 to serve as a lead plaintiff for the Class. Any member of the purported class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member.

The complaint alleges that Defendants violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder. Specifically, the complaint alleges that: (1) the Company was overstating its financial results by not properly employing the percentage-of-completion accounting methodology; (2) the Company was not recognizing revenue in accordance with its own stated revenue recognition policy; (3) as a result of the foregoing, the Company's financial statements were not prepared in accordance with Generally Accepted Accounting Principles ("GAAP").

On October 26, 2005, Chicago Bridge announced that it would delay the release of its third quarter financial statements because the results were not prepared to meet the Company's original earnings release schedule. On October 31, 2005, the Company followed up with investors by saying that its third quarter results would be delayed due to a memo the Company received from its accounting department alleging certain accounting improprieties. Then on February 3, 2006, the Company issued a press release announcing that it had terminated Defendants Glenn and Jordan. In reaction to this news, shares of Chicago Bridge fell from $29.00 per share to $22.33 per share on very heavy trading volume.

If you bought Chicago Bridge securities between March 9, 2005 and February 3, 2006, inclusive, and would like to obtain information about the lawsuit, then you are invited to call 888-753-2796 to speak with an advisor.