NEW YORK--(BUSINESS WIRE)--Rosen Law Firm, a global investor rights law firm, announces it is investigating potential securities claims on behalf of shareholders of Amec Foster Wheeler plc (NYSE: AMFW) resulting from allegations that Amec Foster may have issued materially misleading business information to the investing public.
On May 23, 2017, Amec Foster published a circular disclosing that it may become the subject of an investigation by the UK Serious Fraud Office (“SFO”) relating to Amec Foster’s relationship with Unaoil or other third parties. On this news, shares of Amec Foster fell $0.34 per share or over 4% over two trading days to close at $6.82 per share on May 24, 2017, damaging investors. Then, on July 11, 2017, the SFO confirmed that it has opened an investigation into Amec Foster and its officers and employees for “suspected offences of bribery, corruption and related offences.” On this news, shares of Amec Foster fell $0.27 per share or over 4% to close at $5.64 per share on July 11, 2017, further damaging investors.
Rosen Law Firm is preparing a class action lawsuit to recover losses suffered by Amec Foster investors. If you purchased shares of Amec Foster, please visit the firm’s website at http://www.rosenlegal.com/cases-1160.html for more information. You may also contact Phillip Kim or Kevin Chan of Rosen Law Firm toll free at 866-767-3653 or via email at firstname.lastname@example.org or email@example.com.
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