Investigation Overview
June 9, 2017 (Shareholders Foundation) - An investigation on behalf of investors of John Wood Group PLC (OTCMKTS:WDGJF) shares over potential securities laws violations by John Wood Group PLC and certain of its directors and officers in connection with certain financial statements was announced.
The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of John Wood Group PLC (OTCMKTS:WDGJF) concerning whether a series of statements by John Wood Group PLC regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
On May 23, 2017, in a prospectus concerning John Wood Group PLC's proposed acquisition of Amec Foster Wheeler ('Amec'), the Company revealed information regarding its internal probe into its past dealings with Unaoil, a Monaco-based oil business under criminal investigation by the U.K.'s Serious Fraud Office ('SFO'). John Wood Group PLC also divulged that the SFO had requested that Amec provide information related to the Unaoil investigation.