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The Law Firm of Baron & Budd, P.C. Announces Class Action Lawsuit Against Willbros Group, Inc.

DALLAS, June 15, 2005 (PRIMEZONE) -- The law firm of Baron & Budd, P.C. announces that a class action lawsuit has been filed on behalf of purchasers of Willbros Group, Inc. (NYSE:WG)("Willbros" or the "Company") securities during the period between May 6, 2002 and May 16, 2005, inclusive (the "Class Period").

The complaint alleges that Willbros Group, Inc. has violated federal securities laws by issuing false or misleading information and that the Company failed to disclose and misrepresented the following material adverse facts which were known to defendants or recklessly disregarded by them. Specifically, the complaint alleges: (a) that the Company was violating the Foreign Corrupt Practices Act by bribing foreign officials in order to obtain business in Bolivia, Nigeria, and Ecuador; (b) Willbros filed false tax returns, failed to file required tax returns, and failed to pay certain taxes in locations outside of the United States which materially overstated the Company's financial results and exposed the Company to potential fines and penalties; (c) that the Company was participating in undisclosed related party transactions; (d) that the Company lacked adequate internal controls; and (e) that as a result of the above, the Company's reported financial results were materially overstated at all relevant times and were not prepared in conformity with Generally Accepted Accounting Principles ("GAAP") and were materially false when issued.

After the market closed on May 16, 2005, Willbros announced the results of the Audit Committee's internal investigation into the circumstances behind the Company's tax assessment and other illegal activities, stating that the Company will restate its previously issued financial statements for the fiscal years 2002, 2003, and the first nine months of 2004. The restatement is expected to reduce net income between a range of $7.2 and $9.2 million.

This news shocked the market and the Company's stock plummeted $4.92 per share, more than 30%, from its May 16, 2005 closing price of $15.92 to its close on May 17, 2005 at $11.00.

If you acquired the securities of Willbros Group, Inc. during the Class Period and meet certain legal requirements, you may, no later than July 17, 2005, move for appointment as lead plaintiff on behalf of the proposed class.

If you are a member of this class and would like to take action in this suit, please visit Baron & Budd online at http://www.securitiesactions.com. Information on your legal rights can be obtained by contacting the law firm of Baron & Budd, P.C.

About Baron & Budd, P.C.

Since 1977, the law firm of Baron & Budd, P.C. has championed the rights of people and communities harmed by corporate misconduct. With over 70 attorneys and offices in Texas, Illinois, Ohio, Louisiana, and New York, Baron & Budd enjoys a national reputation as a leader of the plaintiff's bar. The firm represents individuals with mesothelioma and other diseases caused by asbestos; leukemia and lymphoma caused by benzene; injuries caused by other toxic substances and unsafe pharmaceuticals; water authorities seeking clean-up costs for drinking water contamination; securities investors defrauded by corporate wrongdoing; and consumers in class actions. For more information on the firm, call 1-800-222-2766 or visit www.baronandbudd.com.

CONTACT: Baron & Budd, P.C.
Randall K. Pulliam, Esq.
Max Jodry
(800) 222-2766
info@baronbudd.com

Law School Theater Company Enters Cyberspace

University of Miami Law Students Publicly Poke Fun at Lawyers, Law Professors and the Second-Oldest Profession

( EMAILWIRE.COM, January 16, 2001 )

CORAL GABLES, FLORIDA - Equity Playhouse, a forty-year tradition at the University of Miami School of Law, announces the launch of its first-ever web site. Honoring the tradition of comedy and mockery of the legal profession, the production is now ‘breaking a leg’ in cyberspace by offering tickets for sale on the Internet, also for the first time ever.

“We are very pleased to have a top-notch Designer, Putergirl.com, sponsor our production for the second year in a row.” said Executive Producer, Dianne Bonfiglio. “We feel her artistic creativity truly compliments our show. We are always seeking quality sponsors, donors and advertisers.” Interested sponsors can read all about how to sponsor the production by visiting Equity’s new web site at www.law.miami.edu/equity.

Equity Playhouse shows generally take a movie or a play and twist the storylines. For instance, in 1994's “Back to the Future Interests,” a law student found a secret Lexis password that sent him Back to the Fifties.

This year’s “40th Anniversary” production is titled “Equity Theater Channel” and features
student actors, dancers, singers and even a band! The live performance is on Saturday, March 3, 2000 at Actor’s Playhouse/Miracle Theater on Miracle Mile in Coral Gables. “Equity Playhouse is an ensemble production and the success of the show lies in each actor’s dedication to the show and each other.” said Executive Director, Jamie Segal. Open to all law students, the program provides an outlet for the unrelenting stress of Law School, and gives alumni an excuse to revisit their own law school experience, with laughter!

About Equity Playhouse
Equity Playhouse (http://www.law.miami.edu/equity) is celebrating its 40th Anniversary at the University of Miami School of Law. Equity became an ‘official’ organization in 1992, making it the only school-sponsored group whose stated purpose is to make levity of a supposedly austere institution.

About PuterGirl.com
PuterGirl.com (http://www.putergirl.com) is a leading Internet Design and Marketing firm offering services to entertainment artists, small businesses, and individuals since 1997.”

Contact Information:
Phil Schipani, Publicity Director
Equity Playhouse
PS4823@law.miami.edu

Eileen Bonfiglio, President
Putergirl.com
Webmaster@putergirl.com