NEW YORK, Aug. 15, 2017 /PRNewswire/ -- Juan Monteverde, founder and managing partner at
Monteverde & Associates PC, a boutique securities firm
headquartered at the Empire State Building in New York City announces that a class action
lawsuit has been filed in United States District Court,
Southern District of Texas,
Houston Division (Case No. 17-cv-02368) against TechnipFMC plc
(NYSE: FTI)("TechnipFMC" or the "Company") on behalf of purchasers
of the Company's securities between April 27, 2017 and July
24, 2017, inclusive (the "Class Period").
The lawsuit is based on whether TechnipFMC and its executives
violated federal securities law by misleading investors by failing
to disclose that 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.
On July 24, 2017, post-market,
TechnipFMC issued a press release and filed a Current Report on
Form 8-K with the SEC, announcing that the Company would restate
its financial statements as of March 31,
2017, as these statements could no longer be relied
upon. When this news was released, the Company's stock price
fell materially, which harmed investors according to the
Complaint.
Mr. Monteverde would like to personally discuss with you how
to potentially recover your monetary losses, if incurred during the
Class Period.
If you wish to serve as lead plaintiff, you must move the Court
no later than October 2, 2017.
Any member of the putative class may move the Court to serve as
lead plaintiff through counsel of their choice, or may choose to do
nothing and remain an absent class member.
Click here for more information:
http://monteverdelaw.com/securities/. It is free
and there is no cost or obligation to you.
Monteverde & Associates PC is a boutique class action
securities and consumer litigation law firm committed that has
recovered millions of dollars and is committed to protecting
shareholders and consumers from corporate wrongdoing.
Monteverde & Associates PC lawyers have significant experience
litigating Mergers & Acquisitions and Securities Class Actions,
whereby they protect investors by recovering money and remedying
corporate misconduct.
Contact:
Juan E. Monteverde, Esq.
MONTEVERDE & ASSOCIATES PC
The Empire State Building
350 Fifth Ave, Suite 4405
New York, NY 10118
United States of America
jmonteverde@monteverdelaw.com
Tel: (212) 971-1341
Attorney Advertising. (C) 2017 Monteverde & Associates
PC. Prior results do not guarantee a similar outcome with
respect to any future matter.
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SOURCE Monteverde & Associates PC