Energy News / Shareholders Foundation, Inc.

NYSE:FTI Shareholder Alert: Lawsuit Alleges Misleading Statements by TechnipFMC Plc

Via: ReleaseWire

Updated 11:45 AM CDT, Fri, August 25,2017

A lawsuit was filed on behalf of investors in TechnipFMC plc Ordinary Share (NYSE:FTI) shares over alleged securities laws violations. Deadline: October 2, 2017. NYSE:FTI investors should contact the Shareholders Foundation.

San Diego, CA -- (SBWIRE) -- 08/25/2017 -- An investor, who purchased shares of TechnipFMC plc Ordinary Share (NYSE:FTI), filed a lawsuit over alleged violations of Federal Securities Laws by TechnipFMC plc.

Investors who purchased shares of TechnipFMC plc Ordinary Share (NYSE:FTI) have certain options and for certain investors are short and strict deadlines running. Deadline: October 2, 2017. NYSE:FTI investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call 858-779-1554.

According to the complaint the plaintiff alleges on behalf of purchasers of TechnipFMC plc Ordinary Share (NYSE:FTI) common shares between April 27, 2017 through July 24, 2017, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between April 27, 2017 through July 24, 2017, the defendants made false and/or misleading statements and/or failed to disclose that TechnipFMC had a material weakness in its internal control over rates used in the calculations of the foreign currency effects on certain of its engineering and construction projects, that accordingly, TechnipFMC lacked effective internal controls over financial reporting, and that as a result, TechnipFMC's public statements were materially false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

Those who purchased shares of TechnipFMC plc Ordinary Share (NYSE:FTI) have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com

For more information on this press release visit:
http://www.sbwire.com/press-releases/nysefti-shareholder-alert-lawsuit-alleges-misleading-statements-by-technipfmc-plc-853893.htm

Media Relations Contact
Michael Daniels
858-779-1554
Email: Click to Email Michael Daniels
Web: http://www.ShareholdersFoundation.com