July 31, 2017 (Shareholders Foundation) - An investigation on behalf of investors of AMEC Foster Wheeler plc (NYSE:AMFW) shares over potential securities laws violations by AMEC Foster Wheeler 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 AMEC Foster Wheeler plc (NYSE:AMFW) concerning whether a series of statements by AMEC Foster Wheeler regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
UK based Amec Foster Wheeler plc operates across the oil and gas value chain from production to refining, processing and distribution of derivative products in oil and gas, mining, clean energy, and the environment and infrastructure markets.
On May 23, 2017, AMEC Foster Wheeler plc published a circular disclosing that it may become the subject of an investigation by the UK Serious Fraud Office (SFO) relating to Amecs relationship with Unaoil or other third parties.
On July 11, 2017, AMEC Foster Wheeler plc confirmed that the SFO commenced an investigation into the Company and its officers and employees for suspected offences of bribery, corruption and related offences.