Curiously, both the actual announcement and press reports regarding the announcement (AP and Reuters) do not mention the value of the settlement.
In another interesting sidenote, in the company's last 10-Q (filed yesterday), Willbros offered this description of the securities litigation:
While the outcome of such lawsuits cannot be predicted with certainty, the Company believes that it has meritorious defenses and is defending itself vigorously.That's right - the day before they announced a settlement, the company reiterated it's intent to offer the vaunted "vigorous defense."
Bernstein Liebhard & Lifshitz, LLP is lead counsel in the Willbros litigation and ADAR Investments, LLC is the lead plaintiff.
Daily Trivia: Ok, this one may not strictly be trivia, but the Willbros logo bears a healthy resemblance to another, more well recognized corporate logo: