Bronstein, Gewirtz & Grossman, LLC Announces That a Class Action Has Been Filed Against Michael Baker Corporation and Certain of Its Senior Officers and Directors

NEW YORK, NY -- (MARKET WIRE) -- 03/28/08 -- Bronstein, Gewirtz & Grossman, LLC announces that a class action lawsuit has been filed in the United States District Court for the Western District of Pennsylvania on behalf of purchasers of the common stock Michael Baker Corporation ("MBC") (AMEX: BKR). The class consists of purchasers of the MBC common stock for the period March 19, 2007 through and including February 22, 2008.

The complaint alleges that during the class period mentioned above, MBC and certain individual defendants Richard L. Shaw, William P. Mooney, and Craig O. Stuver ("The Defendants") violated the federal securities laws by issuing false and misleading statements regarding MBC's financial results. After the close of the market on February 22, 2008, MBC announced that it would be restating previously issued financial statements for the first, second and third quarters of 2007 because of errors in those financial statements. As a result of the restatement, MBC's previously reported net income of $18.0 Million for the first three quarters of 2007 was materially overstated by as much as $12.5 Million. MBC is still evaluating whether or not the 2007 false financial reporting would impact previously issued audited consolidated financial statements for 2006. Upon the announcement, shares of MBC fell 24% from its close of 36.10 on February 22, 2008 to $27.57 on February 23, 2008, a one day decline of $8.53 per share.

If you purchased MBC common stock between March 19, 2007 through and including February 22, 2008 and sustained losses and would like to discuss this action or if you have any questions regarding this notice or your rights as a potential class member or lead plaintiff you may contact: Peretz Bronstein or Eitan Kimelman of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484 or via email eitan@bgandg.com. If you wish to serve as lead plaintiff, you must move to court no later than May 12th, 2008.

Bronstein Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm's expertise includes general corporate work, private securities offerings, and securities arbitration.

Contact: Peretz Bronstein Eitan Kimelman Bronstein, Gewirtz & Grossman, LLC 212-697-6484 email: eitan@bgandg.com

2008-03-28 16:00:46 0322457 MARKETWIRE