Market Overview

SHAREHOLDER ALERT: Goldberg Law PC Announces an Investigation of Petrofac Limited

Share:





Goldberg
Law PC
, a national shareholder rights litigation firm, announces
that it is investigating claims on behalf of investors of Petrofac
Limited ("Petrofac" or the "Company") (OTC:POFCY) (Other OTC:
POFCF).

If you purchased or otherwise acquired shares of Petrofac Limited, and
would like more information about the investigation, we encourage you to
contact Michael Goldberg
or Brian Schall, of
Goldberg Law PC, 1999 Avenue of the Stars, Suite 1100, Los Angeles, CA
90067, at 800-977-7401, to discuss your
rights without cost to you.

You can also reach us through the firm's website at http://www.Goldberglawpc.com,
or by email at info@goldberglawpc.com.

The investigation focuses on whether Petrofac and certain of its
officers and/or directors violated federal securities laws. On May 12,
2017, the United Kingdom's Serious Fraud Office ("SFO") revealed that it
launched an investigation into the Company for alleged "bribery,
corruption and money laundering." On May 25, 2017, the SFO arrested and
questioned Petrofac's CEO, Ayman Asfari, and COO, Marwan Chedid, in
connection with alleged bribes paid to secure lucrative contracts. Both
were released without charge. The Company suspended Mr. Chedid and set
up a new committee to oversee the response to the bribery investigation,
precluding Mr. Asfari from involvement. Following this news, Petrofac's
stock price dropped significantly.

If you have any questions about your legal rights, please immediately
contact Goldberg Law PC at 800-977-7401, or
visit our website at http://www.Goldberglawpc.com,
or email us at info@goldberglawpc.com.

Goldberg Law PC represents investors around the world, and specializes
in securities class action lawsuits and shareholder rights litigation.

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

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 vipaccounts@benzinga.com