Investigation Overview
July 11, 2016 (Shareholders Foundation) - An investigation on behalf of investors of FMC Technologies, Inc. (NYSE:FTI) shares over potential securities laws violations by FMC Technologies, Inc. (and certain of its directors and officers in connection certain financial statements was announced.
The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of FMC Technologies, Inc. (NYSE:FTI) concerning whether a series of statements by FMC Technologies, Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
FMC Technologies, Inc. reported that its annual Total Revenue declined from over $7.94 billion in 2014 to over $6.36 billion in 2015 and that its Net Income declined from $699.90 million to $393.10 million.
Shares of FMC Technologies, Inc. (NYSE:FTI) declined from $63.28 per share in July 2014 to as low as $22.77 per share in February 2016.
On July 11, 2016, NYSE:FTI shares closed at $26.21 per share.