FTI Investor Deadline Reminder: Hagens Berman Reminds Investors in TechnipFMC plc of the October 2, 2017 Lead Plaintiff Deadline in the Pending Securities Class Action Related to Admitted Improper Accounting

SAN FRANCISCO, Sept. 25, 2017 /PRNewswire/ -- Hagens Berman Sobol Shapiro LLP reminds investors in TechnipFMC plc (NYSE: FTI) of the October 2, 2017 Lead Plaintiff deadline in the pending securities class action.

If you purchased or otherwise acquired securities of FTI between April 27, 2017 and July 24, 2017 and suffered losses contact Hagens Berman Sobol Shapiro LLP.  For more information visit:

https://www.hbsslaw.com/cases/FTI

or contact Reed Kathrein, who is leading the firm's investigation, by calling 510-725-3000 or emailing

[email protected].

On July 24, 2017, FTI announced in its Form 8-K filed with the U.S. Securities and Exchange Commission that it would restate certain of its previously reported financial statements.

The Company explained "net income attributable to the Company in the quarter ending March 31, 2017 was overstated by $209.5 million ($0.45 per share)."

This news drove the price of FTI shares down on unusually heavy volume on July 25, 2017.

On August 4, 2017, FTI filed its amended Form 10-Q for the quarterly period ended March 31, 2017.  Defendants reduced previously reported net income attributable to TechnipFMC from $190.8 million to a net loss of $18.7 million for that period.

"We're focused on the magnitude of management's improper accounting that, as corrected, wipes out previously reported Q1 2017 net income," said Hagens Berman partner Reed Kathrein.

Whistleblowers:  Persons with non-public information regarding FTI should consider their options to help in the investigation or take advantage of the SEC Whistleblower program.  Under the new SEC whistleblower program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC.  For more information, call Reed Kathrein at 510-725-3000 or email [email protected].

About Hagens Berman
Hagens Berman is a national investor-rights law firm headquartered in Seattle, Washington with 11 offices across the country.  The Firm represents investors, whistleblowers, workers and consumers in complex litigation.   More about the firm and its successes can be found at www.hbsslaw.com.  For the latest news visit our newsroom or follow us on Twitter at @classactionlaw.

Contact:
Reed Kathrein, 510-725-3000

SOURCE Hagens Berman Sobol Shapiro LLP

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