Cauley & Geller, LLP Announces Class Action Lawsuit Against Stone & Webster, Incorporated Seeking Damages On Behalf of Shareholders.

Business Editors

BOCA RATON, Fla.--(BUSINESS WIRE)--May 9, 2000

The Law Firm of Cauley & Geller, LLP announced today that it has filed a class action in the United States District Court for the District of Massachusetts on behalf of all individuals and institutional investors that purchased the common stock of Stone & Webster, Incorporated ("S&W" or the "Company") (NYSE: SW) between April 27, 1999 and April 28, 2000, inclusive (the "Class Period").

The complaint charges that the Company and certain of its officers and directors violated the federal securities laws by providing materially false and misleading information about the Company's financial condition, revenues, income and earnings per share. Specifically, the financial statements of the Company made during the Class Period, all of which were implicitly and/or expressly prepared in conformity with generally accepted accounting principles (GAAP), were materially false and misleading because the Company materially overstated its revenues, income and earnings. As a result of these false and misleading statements the Company's stock traded at artificially inflated prices during the class period. When the truth about the Company was revealed, the price of the stock dropped significantly.

Cauley & Geller, LLP has substantial experience representing investors in securities fraud class action lawsuits such as this. The firm has offices in Florida, Arkansas and California, but represents shareholders from throughout the nation. If you have any questions about how you may be able to recover for your losses, or if you would like to consider serving as one of the lead plaintiffs in this lawsuit, you must take appropriate action by July 7, 2000. You are encouraged to call or e-mail the Firm or visit the Firm's website at www.classlawyer.com.