Market Overview

IMPORTANT INVESTOR ALERT: Lundin Law PC Announces an Investigation of Petrofac Limited and Advises Investors with Losses to Contact the Firm


Law PC
, a shareholder rights firm, announces that it is
investigating claims against Petrofac Limited ("Petrofac" or the
"Company") (OTC:POFCY, POFCF)) concerning possible violations of
federal securities laws.

To get more information about this investigation, please contact Brian
Lundin, Esquire, of Lundin Law PC, at 888-713-1033, or by email at

On May 12, 2017, the United Kingdom's Serious Fraud Office ("SFO")
revealed that it was launching an investigation into Petrofac for
alleged "bribery, corruption and money laundering." On May 25, 2017, the
Company's Chief Executive Officer Ayman Asfari, and Chief Operating
Officer Marwan Chedid, were arrested and questioned in connection with
alleged bribes paid to secure lucrative contracts. Both were released
without charge. Petrofac suspended Mr. Chedid and set up a new committee
to oversee the response to the bribery investigation, precluding Mr.
Asfari from involvement.

Lundin Law PC was founded by Brian Lundin, a securities litigator based
in Los Angeles dedicated to upholding shareholders' rights.

This press release may be considered Attorney Advertising in some
jurisdictions under the applicable law and ethical rules.

View Comments and Join the Discussion!
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at