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TechnipFMC plc (FTI)

NYSE:FTI

Summary

Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses Exceeding $100,000 In TechnipFMC plc To Contact The Firm

Faruqi & Faruqi, LLP, a leading national securities law firm, reminds investors in TechnipFMC plc (“TechnipFMC” or the “Company”) (NYSE:FTI) of the October 2, 2017 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company.

If you invested in TechnipFMC stock or options between April 27, 2017 and July 24, 2017 and would like to discuss your legal rights, please fill out the form below.  There is no cost or obligation to you.  You can also contact us by calling Richard Gonnello toll free at 877-247-4292 or at 212-983-9330 or by sending an e-mail to rgonnello@faruqilaw.com. 

The lawsuit has been filed in the U.S. District Court for the Southern District of Texas on behalf of all those who purchased TechnipFMC securities between April 27, 2017 and July 24, 2017 (the “Class Period”).  The case, Prause v. TechnipFMC, plc et al, No. 4:17-cv-02368 was filed on August 3, 2017, and has been assigned to Judge Alfred H. Bennett.

The lawsuit focuses on whether the Company and its executives violated federal securities laws by making false and/or misleading statements and/or failing to disclose that: (i) the Company had a material weakness in its internal control over rates used in the calculations of the foreign currency effects on certain of its engineering and construction projects; (ii) consequently, the Company lacked effective internal controls over financial reporting; and (iii) as a result, the Company’s public statements were materially false and misleading.

Specifically, after market close on July 24, 2017, the Company issued a press release and filed a Form 8-K with the Securities and Exchange Commission.  Therein, the Company revealed that it would restate its financial statements as of March 31, 2017, as these statements could “no longer be relied upon because of material errors in such financial statements.”  Furthermore, the Company disclosed that the “errors existed within certain rates used in the calculations of the foreign currency effects on certain of its engineering and construction projects[.]”

On this news, the Company’s share price declined, causing harm to investors.

Request Information

Please tell us about yourself by completing the form and we will provide you with additional
information on how to join the Class Action at no cost to you.

  • Case:
    TechnipFMC plc (FTI)
  •    

* The submission of this form does not create an attorney-client relationship.

Contact Counsel

Richard W. Gonnello
Faruqi & Faruqi, LLP
685 Third Avenue 26th Floor
New York, NY 10017
Tel: (212) 983-9330

Email:

Case Details

Date:

  • 08/04/2017

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