BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith announces an investigation on behalf of investors of Exterran Corporation (“Exterran” or the “Company”) (NYSE: EXTN) concerning the Company and its officers’ possible violations of federal securities laws.
Exterran engages in the compression, production and processing of various products and services for the oil and natural gas industry worldwide.
On November 4, 2015, Exterran became an independent, publicly traded company after completing its spin-off from Exterran Holdings, Inc. and began trading on the NYSE at $18.00 per share.
However, on April 26, 2016, Exterran announced that it was postponing the filing of its first quarter 2016 Form 10-Q. The Company also informed investors that it was restating its financial statements for 2015 due to material weaknesses and potential irregularities concerning the accounting for certain Belleli EPC contracts. Consequently, Exterran stated that the financial statements for 2015 and the related independent accounting firm report should no longer be relied upon.
If you purchased Exterran securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to howardsmith@howardsmithlaw.com, or visit our website at http://www.howardsmithlaw.com.
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