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Global market leader in subsea systems $FTI appointed Kay Priestly to its Board of Directors, effective Oct. 2, 2015. Ms. Priestly was former CEO of $TRQ and CFO of $RIO's Global Copper Product Group. Currently, she serves on the Board of Directors of New Gold Inc. and $STY where she serves as Chairwoman of the Audit Committee.
$FTI said that, jointly with Samsung Engineering and Tecnicas Reunidas, it received a $4.2Bil contract from Bahrain Petroleum Co. for the Bapco Modernization Program (BMP). The project will be executed on engineering, procurement, construction and commissioning lump sum turnkey basis and is slated for completion in 2022.
$FTI signed an agreement with Plexus Holding plc to acquire Plexus's Wellhead exploration equipment and services business for jack up applications. The acquired business will be integrated into the TechnipFMC Surface Technologies segment. Financial details of the transaction were not disclosed.
Levi & Korsinsky LLP reminded shareholders of $FTI of a class action lawsuit and a lead plaintiff deadline of Oct. 2, 2017. The lawsuit was filed in the Southern District Court of Texas, Houston Division on behalf of persons or entities who purchased or otherwise acquired securities of $FTI between April 27, 2017 and July 24, 2017.
$FTI has been awarded an Engineering, Procurement, Construction and Installation contract by Statoil. It covers the execution of the subsea pipeline connection for the new production platform in Peregrino Phase II Project, located in Campos Basin, offshore Brazil.
$FTI, which is into subsea, onshore/offshore, and surface projects, has been awarded by Statoil an engineering, procurement, construction and installation contract. It covers execution of subsea pipeline connection for the new production platform in Peregrino Phase II Project, located in Campos Basin, offshore Brazil. Finer details are not known.
$FTI announced the implementation of a share repurchase program on the NYSE and Euronext Paris, where its ordinary shares are traded. TechnipFMC has appointed an investment services provider in order to implement the Share Repurchase Program. $FTI is authorized to repurchase up to $500MM of its ordinary shares by the end of 2018.
$FTI has been awarded an Engineering, Procurement, Construction and Installation contract from Hurricane Energy PLC. The contract covers the provision of subsea equipment including umbilicals, risers, flowlines and the subsea production system for the Lancaster Early Production System (EPS) Project.
A class action complaint has been filed against $FTI in the United States District Court for the Southern District of Texas, on behalf of the company’s shareholders, for allegedly violating federal securities laws. It is alleged the company issued materially false statements during the class period.
The Klein Law Firm filed a class action complaint on behalf of shareholders of $FTI who purchased shares between April 27, 2017 and July 24, 2017. The action was filed in the United States District Court for the Southern District of Texas, Houston Division. Shareholders have until Oct. 2, 2017 to petition the court for lead plaintiff status.
A securities class action has been filed against $FTI, an oil and gas technology company, in the United States District Court for the Southern District of Texas for allegedly issuing false and misleading statements. Those who acquired the company’s stock between April 27, 2017 and July 24, 2017 have been advised to take note of the matter.
Khang & Khang LLP announced a securities class action lawsuit against $FTI for providing false and/or misleading statements. Investors who purchased shares between April 27, 2017 and July 24, 2017, inclusive are encouraged to contact the firm in advance of the October 2, 2017 lead plaintiff motion deadline.
$FTI has been awarded an Engineering, Procurement, Construction and Installation contract by Husky Energy. The contract covers the supply and installation of subsea equipment, which will connect the recently announced West White Rose Platform to the existing SeaRose vessel.
$FTI, which provides technology for oil and gas projects, is facing a securities class action lawsuit for allegedly issuing misleading statements with regard to its financial status, thereby causing harm to investors. The legal firm that handles the lawsuit has asked the holders of TechnipFMC shares to contact it before October 2, 2017.
A class action complaint has been filed in the US District Court for the Southern District of Texas, Houston Division on behalf of shareholders of $FTI, who bought shares between April 27, 2017 and July 24, 2017. The action alleges that the company violated federal securities laws.
The Klein Law Firm announces the commencement of an investigation of $FTI concerning possible violations of federal securities laws. $FTI stated that its financial statements for the quarter ended March 31, 2017 contains errors and must be restated. These errors have led to net income being overstated by $209.5MM.
Law firm Holzer & Holzer, LLC is investigating whether $FTI complied with federal securities laws. On July 24, 2017, $FTI said material errors in the calculations of foreign currency effects on some of its engineering and construction projects resulted in its 1Q17 net income being overstated by $209.5MM, making previous SEC filings unreliable.
$FTI said the Audit Committee of BoD concluded its statements as of March 31, 2017 and for three months ended March 31, 2017 included in $FTI's Quarterly Report on Form 10-Q and prior year period prepared and included in its Quarterly Report for comparison purposes for the quarter ended March 31, 2017 should be restated.
$FTI received an extension to its ongoing Engineering, Procurement and Construction (EPC) contract from Statoil in the Norwegian North Sea. The project will be executed as an integrated Engineering, Procurement, Construction and Installation (iEPCI).