LOS ANGELES--(BUSINESS WIRE)--Goldberg Law PC, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Petrofac Limited (“Petrofac” or the “Company”) (Other OTC: POFCY) (Other OTC: POFCF).
If you purchased, or otherwise acquired, shares of Petrofac Limited, and would like more information about the investigation, we encourage you to contact Michael Goldberg or Brian Schall, of Goldberg Law PC, 1999 Avenue of the Stars, Suite 1100, Los Angeles, CA 90067, at 800-977-7401, to discuss your rights without cost to you.
The investigation focuses on whether Petrofac and certain of its officers and/or directors violated federal securities laws. On May 12, 2017, the United Kingdom’s Serious Fraud Office (“SFO”) revealed that it launched an investigation into the Company for alleged “bribery, corruption and money laundering.” On May 25, 2017, the SFO arrested and questioned Petrofac’s CEO, Ayman Asfari, and COO, Marwan Chedid, in connection with alleged bribes paid to secure lucrative contracts. Both were released without charge. The Company suspended Mr. Chedid and set up a new committee to oversee the response to the bribery investigation, precluding Mr. Asfari from involvement. Following this news, Petrofac’s stock price dropped significantly.
If you have any questions about your legal rights, please immediately contact Goldberg Law PC at 800-977-7401, or visit our website at http://www.Goldberglawpc.com, or email us at email@example.com.
Goldberg Law PC represents investors around the world, and specializes in securities class action lawsuits and shareholder rights litigation.
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