NEW YORK--(BUSINESS WIRE)--Levi & Korsinsky, LLP announces it has commenced an investigation of Petrofac Limited (“Petrofac”) (OTCMKTS:POFCY) concerning possible violations of federal securities laws.
On May 12, 2017, the Serious Fraud Office ("SFO") confirmed it is investigating the activities of Petrofac PLC, its subsidiaries, and their officers, employees and agents for suspected bribery, corruption and money laundering. Then on May 25, 2017, Petrofac announced the SFO had arrested and questioned the CEO and COO. Both were released without charge. In addition, the Company's board suspended the COO and precluded the CEO from involvement in any matters connected to the SFO investigation. To obtain additional information, go to:
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Levi & Korsinsky is a national firm with offices in New York, Connecticut, California and Washington D.C. The firm’s attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. Attorney advertising. Prior results do not guarantee similar outcomes.