Market Overview

Bragar Eagel & Squire, P.C. Is Investigating Petrofac Limited (POFCY) on Behalf of Stockholders and Encourages Investors to Contact the Firm


Bragar Eagel & Squire, P.C. is investigating potential claims against
Petrofac Limited (OTC:POFCY). Our investigation concerns whether
Petrofac has violated the federal securities laws and/or engaged in
other unlawful business practices.

On May 12, 2017, the U.K.'s Serious Fraud Office (the "SFO") revealed
that it has launched an investigation into Petrofac's activities for
"suspected bribery, corruption and money laundering." The investigation
is connected with an ongoing probe into Unaoil SAM, a Monaco oil
contractor. Following this news, Petrofac shares fell $0.75 per share,
or over 14%, to close at $4.46 on May 12, 2017.

On May 25, 2017, Petrofac suspended its Chief Operating Officer, Marwan
Chedid, after the SFO informed Petrofac that the Company hasn't
cooperated with its bribery probe. The Company has also brought on a
"senior external specialist" and set up a new committee to oversee the
response to the bribery investigation. Additionally, Petrofac CEO Ayman
Asfari and COO Marwan Chedid were arrested, questioned, and released in
connection with alleged bribes paid to secure lucrative contracts.
Following this news, Petrofac shares fell $1.21 per share, or over 30%,
to close at $2.74 on May 25, 2017.

If you purchased or otherwise acquired Petrofac securities and suffered
a loss, have information, would like to learn more about these claims,
or have any questions concerning this announcement or your rights or
interests with respect to these matters, please contact Brandon Walker
or Melissa Fortunato by email at,
or telephone at (212) 355-4648, or by filling
out this contact form
. There is no cost or obligation to you.

Bragar Eagel & Squire, P.C. is a New York-based law firm concentrating
in commercial and securities litigation. For additional information
concerning our investigation into Petrofac, please go to
For additional information about Bragar Eagel & Squire, P.C., please go

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