Thieler Law Corp, member of the Investor Attorney Network, is investigating whether certain officers and directors of TechnipFMC plc (NYSE: FTI) 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 TechnipFMC plc (NYSE: FTI) concerning whether a series of statements by TechnipFMC plc regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

On July 24, 2017, post-market, TechnipFMC 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 due to material errors. The Company also disclosed 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.

On this news, NYSE: FTI dropped as much as $1.63, or 5.81%, during intraday trading on July 25, 2017.

Based in London, the United Kingdom, TechnipFMC plc provides technologies, systems, and services for oil and gas projects worldwide.

If you purchased shares of TechnipFMC plc (NYSE: FTI) on or before July 24, 2017, you should contact Thieler Law Corp at mail@thielerlaw.com or call +1 (619) 377 - 4324.

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