IRVINE, Calif.--(BUSINESS WIRE)--Khang & Khang LLP (the “Firm”) announces that it is investigating claims against TechnipFMC plc (“TechnipFMC” or the “Company”) (NYSE: FTI) concerning possible violations of federal securities laws.
If you purchased shares of TechnipFMC and want more information, please contact Joon M. Khang, Esquire, of Khang & Khang LLP, 4000 Barranca Parkway, Suite 250, Irvine, CA 92604, by telephone at (949) 419-3834, or by e-mail at firstname.lastname@example.org.
The investigation focuses on whether TechnipFMC and certain of its officers and/or directors violated federal securities laws. On July 24, 2017, the Company 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 news was announced, shares of TechnipFMC declined in value.
If you have any questions concerning this notice or your rights, please contact Joon M. Khang, a prominent litigator for almost two decades, by telephone at (949) 419-3834, or by e-mail at email@example.com.
This press release may constitute Attorney Advertising in some jurisdictions.