Kendall Law Group Announces Securities Class Action Against Northwest Pipe Company

DALLAS--(BUSINESS WIRE)--

Kendall Law Group, led by a former federal judge, today announced that a lawsuit has been filed against Northwest Pipe Company NWPX for securities violations related to public statements made by the company between April 23, 2008 and November 11, 2009.

Any shareholder, who purchased Northwest Pipe stock during the above time period, may move the Court to serve as a plaintiff in this class action. If you wish to serve as lead plaintiff, you must move the Court for appointment by January 19, 2010. A lead plaintiff is a class member who acts on behalf of other class members in directing the litigation. Your ability to share in any recovery is not affected by the decision to serve as a lead plaintiff.

The complaint, filed in the Western District of Washington, charges Northwest Pipe and certain of its top officials with violations of the federal securities laws. The complaint alleges that the Defendants' failure to recognize revenues in accordance with Generally Accepted Accounting Principles caused the Company to issue false and misleading statements about the business and financial results. These statements resulted in artificially inflated stock prices throughout the relevant period.

On November 11, 2009, Northwest Pipe announced that it would delay filing of its Quarter Report for the quarter ended September 30, 2009, pending the conclusion of an ongoing internal investigation of certain accounting matters. On this news, stock prices dropped 14.73%, closing at $26.74 on the 12^th.

Led by a former federal judge and former U.S. Attorney, Kendall Law Group has the credentials to pursue any type of complex securities litigation in the nation. If you wish to learn more about your rights as a shareholder or have information concerning this action, contact attorney Hamilton Lindley at 877-744-3728 or hlindley@kendalllawgroup.com.