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Thieler Law Corp, member of the Investor Attorney Network, is investigating whether certain officers and directors of Exterran Corporation (NYSE: EXTN) violated securities laws in connection with certain financial statements.
The investigation seeks to discover if possible claims on behalf of purchasers of the securities of Exterran Corporation (NYSE: EXTN) concerning whether a series of statements by Exterran Corporation regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
On April 26, 2016, Exterran revealed it will restate its financial statements for 2015 due to material errors and possible irregularities relating to the accounting for certain Belleli EPC contracts and that the Company expects to delay the filing of its Form 10-Q for the quarter ended March 31, 2016. The Company noted that the financial statements for 2015 and the related independent accounting firm report should no longer be relied upon.
Since the November 4, 2015, in which the Company completed its spin-off from Exterran Holdings, Inc. into an independent company with its own publicly traded stock which commenced trading at $18.00 per share, Exterran shares have dropped considerably from its first day trading.
Based in Houston, Texas, and founded in 2007 Exterran Corporation engages in the compression, production, and processing of various products and services for the oil and natural gas industry.
If you purchased shares of Exterran Corporation (NYSE: EXTN) on or before April 26, 2016, you should contact Thieler Law Corp at mail@thielerlaw.com or call +1 (619) 377 - 4324.
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