Business Wire 11-Aug-2017 10:07 AM
NEW YORK--(BUSINESS WIRE)-- The Klein Law Firm announces the commencement of an investigation of TechnipFMC plc (NYSE: FTI) concerning possible violations of federal securities laws.
On July 24, 2017, TechnipFMC announced that its unaudited interim condensed consolidated U.S. GAAP financial statements as of March 31, 2017 and for the three months ended March 21, 2017 included in the Companys Quarterly Report on Form 10-Q and prior year period prepared and included in the Companys Quarterly Report for comparison purposes for the quarter ended March 31, 2017 must be restated and that these statements could no longer be relied upon. TechnipFMC concluded that errors existed within certain rates used in the calculations of the foreign currency effects on certain of its engineering and construction projects As a result, the net income attributable to the Company in the quarter ending March 31, 2017, was overstated by $209.5 million.
If you suffered a loss in TechnipFMC and wish to obtain additional information, please contact Joseph Klein, Esq. by telephone at 212-616-4899 or visit http://www.kkclasslaw.com/FTI-Info-Request-Form-189.
Joseph Klein, Esq. is an experienced attorney and has also practiced as a Certified Public Accountant. Mr. Klein represents investors and participates in securities litigations involving financial fraud throughout the nation. Attorney advertising. Prior results do not guarantee similar outcomes.
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The Klein Law Firm Joseph Klein, Esq., 212-616-4899Fax: 347-558-9665www.kleinstocklaw.com
Source: Klein Law Firm