LOS ANGELES--(BUSINESS WIRE)--Lundin Law PC, a shareholder rights firm, announces that it is investigating claims against TechnipFMC plc (“TechnipFMC” or the “Company”) (NYSE: FTI) concerning possible violations of federal securities laws.
To get more information about this investigation, please contact Brian Lundin, Esquire, of Lundin Law PC, at 888-713-1033, or by email at email@example.com.
On July 24, 2017, TechnipFMC revealed that its audit committee concluded that the financial statements included in its quarterly report for the three months ended March 31, 2017 and prior year prepared and included in the quarterly report for comparison purposes, should no longer be relied upon because of material errors. The Company further stated that errors existed within “certain rates used in the calculations of the foreign currency effects on certain of its engineering and construction projects” resulting in its net income for the quarter ending March 31, 2017 being overstated by $209.5 million. When this information became public, shares of TechnipFMC fell in value.
Lundin Law PC was founded by Brian Lundin, a securities litigator based in Los Angeles dedicated to upholding shareholders’ rights.
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