Please complete this form and list your purchase and sale transaction(s) for TechnipFMC plc (NYSE: FTI) securities between January 16, 2017 and July 24, 2017, both dates inclusive (the “Class Period”):
You may also contact Jon Naji, Esq. at (484) 270-1453; or you may submit your information via email at firstname.lastname@example.org, or you may click here to print a PDF of this form.
On August 3, 2017, the initial complaint in this securities class action was filed against TechnipFMC plc (“Technip” or the “Company”), and certain of Technip’s directors, officers and underwriters, asserting violations of sections 10(b) and 20(a) of the Securities Exchange Act. The Complaint alleges that, throughout the Class Period, defendants made materially false and misleading statements regarding the Company’s business, operational and compliance policies. Specifically, defendants made false and/or misleading statements and/or failed to disclose that: (i) Technip 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; (ii) accordingly, the Company lacked effective internal controls over financial reporting; and (iii) as a result of the foregoing, Technip’s public statements were materially false and misleading at all relevant times.
On March 9, 2020, the Court certified a Class consisting of all persons who purchased or otherwise acquired Technip shares (including but not limited to shares acquired through the merger of FMC Technologies Inc. FMC Technologies SlS Limited and Technip S.A.) in the U.S. between the date of the first such acquisition (which occurred no later than January 16, 2017) and July 24 , 2017, both dates inclusive.
Current Status of Case:
On January 22, 2018, Plaintiffs filed an amended complaint (the “Amended Complaint”). Defendants filed a Motion to Dismiss Plaintiffs’ Amended Complaint on March 8, 2018. The Motion was Denied on January 18, 2019. Defendants filed an Answer to the Amended Complaint on February 15, 2019. Plaintiffs filed a Motion for Partial Summary Judgment on April 6, 2020. A hearing on the Motion for Partial Summary Judgement was set for July 21, 2020. The Motion was taken under advisement. Due to Covid19, trial deadlines were terminated by the Court on September 24, 2020. On December 13, 2020, Plaintiff filed a Motion for Settlement in the amount of $19,500,000.00. The Settlement was approved by the Court on March 22, 2021. This action has concluded.
If you wish to discuss this action or have any questions concerning this notice or your rights or interests with respect to these matters, please contact Kessler Topaz Meltzer & Check, LLP: Jon Naji, Esq. (484) 270-1453; or via e-mail at email@example.com. If you would like additional information about the suit, please click on the link "Submit Your Information" above and fill out the form as promptly as possible.