Jacobs Law Group Expands with Two Commercial Litigation Attorneys

Brian Sanchez

McElroy attorneys join Philadelphia high stakes commercial law and complex business dispute law firm

PHILADELPHIA (PRWEB) August 08, 2017

Philadelphia business law firm Jacobs Law Group is pleased to announce that Richard “Dick” McElroy and Jeffrey C. McElroy, have joined the firm. With more than 60 years combined experienced, the father and son team have been highly successful at receiving results for leading businesses in litigation.

“We welcome the McElroys to our business law practice,” said Neal A. Jacobs, Managing Partner and Founder of Jacobs Law Group. “As tough Philadelphia litigators, they complement our commercial litigation practice and are well-versed in handling complex business disputes including shareholder disputes, business divorce, antitrust, and corporate fraud matters.”

Dick McElroy is an experienced trial lawyer and joins the firm as Of Counsel. A Fellow in the American College of Trial Lawyers, he has represented a wide range of business entities and individuals including steel and aluminum manufacturers, concert promoters, professional sports leagues such as the NHL and NFL, food manufacturers, accountants, investment firms and individual corporate officers and directors. He is AV Rated by Martindale-Hubbell, has been listed among Pennsylvania’s Super Lawyers, and is the recipient of the Edwin P. Rome Lifetime Achievement Award.

Jeff McElroy joins the firm as a commercial litigation associate. He concentrates his practice on business law and handles complex matters involving businesses throughout the United States in federal and state court actions. Jeff McElroy has successfully litigated breach of contract, breach of fiduciary duty, fraud, fraudulent conveyance, and employment law cases on behalf of corporate and individual clients. He holds a bachelor’s degree from Washington & Lee University and a law degree from Temple University School of Law.

About Jacobs Law Group PC – Jacobs Law Group, PC (http://www.jacobslawpc.com) is a boutique litigation-focused law firm based in Philadelphia, with offices in Malvern, Pennsylvania and Marlton, New Jersey. With the mission to provide a fresh alternative to the traditional large, national law firms, the firm was designed to meet the critical corporate law and litigation needs of middle-market companies and entrepreneurs. Jacobs Law Group is known nationally for its business divorce practice. After expanding in 2016, the firm now offers specialized litigation support to its insurance, manufacturing and aviation clients. The firm’s legal services are offered in a holistic approach, which includes practical advice and counsel built on an understanding of the specific needs of each client.

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For the original version on PRWeb visit: http://www.prweb.com/releases/2017/08/prweb14579805.htm


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Law Firm Opens New Offices at Court Plaza South in Hackensack, N.J

Brian Sanchez
Court Plaza

Court Plaza

HACKENSACK, N.J. – Aug. 8, 2017 – PRLog — Law firm Carcich O’Shea (http://www.carcichoshea.com/) has leased 2,325 square feet of space at Court Plaza South. Located at 21 Main Street in Hackensack, N.J., the Court Plaza office complex is owned and managed by Alfred Sanzari Enterprises (http://www.sanzari.com/). Stephen C. Jennings, vice-president of leasing and marketing, arranged the lease.

Headed by two of New Jersey’s top attorneys, Christopher J. Carcich and Sheila O’Shea-Criscione, Carcich O’Shea focuses on employment law, business litigation, negotiation, mediation and arbitration regarding workplace matters, among other practice areas. The firm moved into its new offices at Court Plaza in May.

“Court Plaza is one of Hackensack’s premier office addresses, and our clients and staff will benefit from conducting business here,” said O’Shea-Criscione. “Along with proximity to the Bergen County Courthouse and downtown amenities, we value Court Plaza’s numerous amenities and conveniences, particularly the on-site covered parking.”

The 335,000-square-foot Court Plaza office complex encompasses Court Plaza North, Court Plaza South and Court Plaza East. All tenants enjoy a landscaped plaza with fountains and seating areas, covered parking, a full-service bank, shoe shine/repair and dry-cleaning services, eco-friendly car wash service, a fitness center, public transportation to New York City and Northern N.J., a cafeteria with indoor and outdoor seating, and a common meeting room. Court Plaza is just one mile from I-80, and Routes 4 and 17.  Additionally, the well-located Bergen County complex is walkable to numerous restaurants, retailers and public transportation options.

“Court Plaza’s all-inclusive environment provides law firms like Carcich O’Shea with a professional business address with room to expand in the future,” said Jennings. “We are thrilled to welcome this growing firm to Court Plaza’s tenant roster, and look forward to being part of their success in the years to come.”

Headquartered in Hackensack, Alfred Sanzari Enterprises is a multi-generation family owned and managed business, and one of New Jersey’s premier real estate developers, owners and managers of commercial, residential and hospitality real estate.The organization continues to strategically expand and diversify its industry-leading portfolio through both development and acquisitions. The company prides itself on its integrity and is known for the quality design and construction of its buildings, proactive and responsive property management team and outstanding relationships with its tenants. Many of Alfred Sanzari Enterprises’ office, industrial, medical, residential and hospitality properties are iconic landmarks in their respective markets, including the Alfred N. Sanzari Medical Arts Building in Hackensack as well as the Glenpointe Complex in Teaneck.

         ###

About Alfred Sanzari Enterprises (http://www.caryl.com/alfred-sanzari-enterprises/)
Follow Alfred Sanzari Enterprises on Facebook (https://www.facebook.com/pages/Alfred-Sanzari-Enterprises…), Twitter (https://twitter.com/alfredsanzarire) and Instagram (https://www.instagram.com/alfredsanzarienterprises/)
Photo Credit: Robert Greco

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Murthy gets backing of proxy advisory firms on Panaya deal report

Brian Sanchez
infosys, infosys agm, n r narayana murthy, infosys cofounders, infosys founders, t v mohandas pai, infosys vishal sikka
N. R. Narayana Murthy, founder and former chairman of Infosys.Reuters file

In the ongoing spat over the Panaya probe reports, proxy advisory firms have come out in support of NR Narayana Murthy, the co-founder of Infosys. Murthy’s growing concerns over falling corporate governance standards in Infosys led to this never-ending row between the founders and the CEO Vishal Sikka.

The Bengaluru-based independent corporate governance research and advisory firm Ingovern has shown support, among others, towards Murthy’s stance but have also asked the founders for a specific action plan to put the company back on the stability track.

Shriram Subramanian of Ingovern told Business Line that it supported Murthy and the other founder’s stand on making the report on Panaya public. “There is merit to what the founders are saying and enough reasons for Infosys shareholders to be worried,” he said.

This development comes in the backdrop of Infosys’ stand of not making the Panaya probe reports public, after Murthy’s plea to let release the reports on the public domain. In response to this, Infosys said that it has made full disclosure of its connections between its executives and Panaya’s investors.

Ingovern has also raised questions on the company’s stock performance, saying it has gone nowhere in the last 12 months. According to BSE data of last one year, Infosys shares have gone down to Rs 968 from Rs 1,094.

“Infosys is no longer a company that we look up to,” said Subramanian. Advisory firms also believe that the recent appointment of co-chairman Ravi Venkatesan has not made that much of a difference. “They make surreptitious disclosures that are not forthcoming and the issues continue to remain,” Subramanian said.

Stakeholder Empowerment Services’ (SES), another proxy advisory firm, supported Murthy’s call to make the report on Panaya deal public. “We fully support Murthy’s call. It is important to know all the details concerning the deal,” said JN Gupta, co-founder, and Managing Director.

Gupta expects the management to be as transparent as possible regarding any deal. The shareholders have a right to know everything about the deal, Gupta said.

Industry watchdogs also believe that continuing top management attrition of SAP aides is a cause of serious concern.

In 2015, Infosys acquired Israel-based Panaya for $200 million. Soon after the takeover, two whistleblowers had made impropriety accusations over the acquisition of Panaya. The board then hired American law firm Gibson Dunn, and global risk consultancy firm Control Risks to investigate the entire deal, only to come out clean.

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SHAREHOLDER ALERT: Pomerantz Law Firm Reminds Shareholders with Losses on their Investment in TechnipFMC plc of Class Action Lawsuit and Upcoming Deadline – FTI

Brian Sanchez

NEW YORK, NY / ACCESSWIRE / August 8, 2017 / Pomerantz LLP announces that a class action lawsuit has been filed against TechnipFMC plc (”TechnipFMC” or the ”Company”) (NYSE: FTI) and certain of its officers. The class action, filed in United States District Court, Southern District of Texas, Houston Division, and docketed under 17-cv-02368, is on behalf of a class consisting of investors who purchased or otherwise acquired TechnipFMC securities, seeking to recover compensable damages caused by defendants’ violations of the Securities Exchange Act of 1934.

If you are a shareholder who purchased TechnipFMC securities between April 27, 2017, and July 24, 2017, both dates inclusive, you have until October 2,
2017 to ask the Court to appoint you as Lead Plaintiff for the class. A copy of the Complaint can be obtained at www.pomerantzlaw.com. To discuss this action, contact Robert S. Willoughby at rswilloughby@pomlaw.com or 888.476.6529 (or 888.4-POMLAW),
toll free, Ext. 9980. Those who inquire by e-mail are encouraged to include their mailing address, telephone number, and number of shares purchased.

[Click here to join this class action]

TechnipFMC plc provides oilfield services. The Company offers subsea, surface, onshore, and offshore solutions for oil and gas projects. TechnipFMC serves customers worldwide. TechnipFMC was formed through the merger of FMC Technologies Inc. and French oil-services Technip SA.

The Complaint alleges that throughout the Class Period, Defendants made materially false and misleading statements regarding the Company’s business, operational and compliance policies. Specifically, Defendants made false and/or misleading statements and/or failed to disclose that: (i) TechnipFMC had a material weakness in its internal control over rates used in the calculations of the foreign currency effects on certain of its engineering and construction projects; (ii) accordingly, the Company lacked effective internal controls over financial reporting; and (iii) as a result of the foregoing, TechnipFMC’s public statements were materially false and misleading at all relevant times.

On July 24, 2017, post-market, TechnipFMC issued a press release and filed a Current Report on Form 8-K with the SEC, announcing that the Company would restate its financial statements as of March 31, 2017, as these statements could no longer be relied upon.

On this news, TechnipFMC’s share price fell $0.48, or 1.71%, to close at $27.56 on July 25, 2017.

The Pomerantz Firm, with offices in New York, Chicago, Florida, and Los Angeles, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 80 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com.

SOURCE: Pomerantz LLP

ReleaseID: 471780

August 8, 2017 /AccessWire/ —

NEW YORK, NY / ACCESSWIRE / August 8, 2017 / Pomerantz LLP announces that a class action lawsuit has been filed against TechnipFMC plc (”TechnipFMC” or the ”Company”) (NYSE: FTI) and certain of its officers. The class action, filed in United States District Court, Southern District of Texas, Houston Division, and docketed under 17-cv-02368, is on behalf of a class consisting of investors who purchased or otherwise acquired TechnipFMC securities, seeking to recover compensable damages caused by defendants’ violations of the Securities Exchange Act of 1934.

If you are a shareholder who purchased TechnipFMC securities between April 27, 2017, and July 24, 2017, both dates inclusive, you have until October 2,
2017 to ask the Court to appoint you as Lead Plaintiff for the class. A copy of the Complaint can be obtained at www.pomerantzlaw.com. To discuss this action, contact Robert S. Willoughby at rswilloughby@pomlaw.com or 888.476.6529 (or 888.4-POMLAW),
toll free, Ext. 9980. Those who inquire by e-mail are encouraged to include their mailing address, telephone number, and number of shares purchased.

[Click here to join this class action]

TechnipFMC plc provides oilfield services. The Company offers subsea, surface, onshore, and offshore solutions for oil and gas projects. TechnipFMC serves customers worldwide. TechnipFMC was formed through the merger of FMC Technologies Inc. and French oil-services Technip SA.

The Complaint alleges that throughout the Class Period, Defendants made materially false and misleading statements regarding the Company’s business, operational and compliance policies. Specifically, Defendants made false and/or misleading statements and/or failed to disclose that: (i) TechnipFMC had a material weakness in its internal control over rates used in the calculations of the foreign currency effects on certain of its engineering and construction projects; (ii) accordingly, the Company lacked effective internal controls over financial reporting; and (iii) as a result of the foregoing, TechnipFMC’s public statements were materially false and misleading at all relevant times.

On July 24, 2017, post-market, TechnipFMC issued a press release and filed a Current Report on Form 8-K with the SEC, announcing that the Company would restate its financial statements as of March 31, 2017, as these statements could no longer be relied upon.

On this news, TechnipFMC’s share price fell $0.48, or 1.71%, to close at $27.56 on July 25, 2017.

The Pomerantz Firm, with offices in New York, Chicago, Florida, and Los Angeles, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 80 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com.

SOURCE: Pomerantz LLP

ReleaseID: 471780

Source URL: http://marketersmedia.com/shareholder-alert-pomerantz-law-firm-reminds-shareholders-with-losses-on-their-investment-in-technipfmc-plc-of-class-action-lawsuit-and-upcoming-deadline-fti/226817

Source: AccessWire

Release ID: 226817

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Saudi Arabia to allow 100% foreign ownership of engineering firms

Brian Sanchez

DUBAI: The opening up of Saudi Arabia’s economy is proceeding apace. On Monday, the government took another step along the road to welcoming more foreign investors into the Kingdom with the approval of new measures to encourage outsiders to get involved in the engineering industry, which is expected to become a boom sector as new infrastructure is built under the Vision 2030 strategy.
The Commerce and Investment Ministry, and the Saudi Arabian General Investment Authority (Sagia), have been in consultation for a year or so under the new proposals, and now have decided to allow 100 percent foreign ownership in the engineering business.
There are two conditions: The foreign entity must have a 10-year track record in operations, and it must already have a presence in at least four other countries. So only established multinationals need apply, a sensible measure designed to guarantee the quality of the new entrant.
Sagia has the power to waive these restrictions if an applicant firm’s presence would be considered in the best interests of the Kingdom.
The authority, under Chairman Majid Al-Qasabi, has been pushing for a more flexible approach to foreign investment for the past couple of years, since a 2015 policy initiative that foresaw 100 percent foreign ownership in most sectors in the long term.
That policy was in line with the World Trade Organization’s principles on free movement of investment, which Saudi Arabia signed up to in 2005. But the accelerated pace of opening up has a lot to do with the national transformation plan that aims to reduce the Kingdom’s reliance on the domestic oil industry and government employment. Greater foreign investment is seen as an essential part of that change.
Last year, two big sectors — retail and wholesale distribution — were taken off the “negative list” Sagia maintains for sectors not deemed appropriate for exclusive foreign ownership — like military and other security activities, some aspects for Islamic tourism, media, telecommunications and a few others.
The experience in retail and wholesale must have satisfied the authorities that it was a worthwhile step to encourage greater foreign involvement, which will now be extended to engineering.
Alain Sfeir, Riyadh-based corporate partner with law firm Clyde & Co., said: “It is a positive step forward. Foreign engineers and consultants are looking to get involved in and benefit from the expansion of infrastructure the Kingdom is experiencing, and the new corporate structure will give them more confidence to proceed.”
Details of the new proposals are still being finalized and can be expected to be released in a week or so. But if they follow the plans for retail and wholesale, you can expect 100 percent foreign ownership, previously limited to 75 percent; no requirement for a Saudi citizen to be a shareholder; and limited liability incorporation.
There will probably also be stipulations on minimum investment levels and employment of nationals in the new corporation, as well as commitments on research and development spending, and training, drawn up in consultation with the Saudi Council of Engineers, the national professional body.
The initiative, in such an important part of the economy, represents a further move away from the traditional model of “commercial agents” identified as a drag on regional economies by Karen Young, an academic with the Arab Gulf Sates Institute in Washington, DC.

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DUBAI: The opening up of Saudi Arabia’s economy is proceeding apace. On Monday, the government took another step along the road to welcoming more foreign investors into the Kingdom with the approval of new measures to encourage outsiders to get involved in the engineering industry, which is expected to become a boom sector as new infrastructure is built under the Vision 2030 strategy.
The Commerce and Investment Ministry, and the Saudi Arabian General Investment Authority (Sagia), have been in consultation for a year or so under the new proposals, and now have decided to allow 100 percent foreign ownership in the engineering business.
There are two conditions: The foreign entity must have a 10-year track record in operations, and it must already have a presence in at least four other countries. So only established multinationals need apply, a sensible measure designed to guarantee the quality of the new entrant.
Sagia has the power to waive these restrictions if an applicant firm’s presence would be considered in the best interests of the Kingdom.
The authority, under Chairman Majid Al-Qasabi, has been pushing for a more flexible approach to foreign investment for the past couple of years, since a 2015 policy initiative that foresaw 100 percent foreign ownership in most sectors in the long term.
That policy was in line with the World Trade Organization’s principles on free movement of investment, which Saudi Arabia signed up to in 2005. But the accelerated pace of opening up has a lot to do with the national transformation plan that aims to reduce the Kingdom’s reliance on the domestic oil industry and government employment. Greater foreign investment is seen as an essential part of that change.
Last year, two big sectors — retail and wholesale distribution — were taken off the “negative list” Sagia maintains for sectors not deemed appropriate for exclusive foreign ownership — like military and other security activities, some aspects for Islamic tourism, media, telecommunications and a few others.
The experience in retail and wholesale must have satisfied the authorities that it was a worthwhile step to encourage greater foreign involvement, which will now be extended to engineering.
Alain Sfeir, Riyadh-based corporate partner with law firm Clyde & Co., said: “It is a positive step forward. Foreign engineers and consultants are looking to get involved in and benefit from the expansion of infrastructure the Kingdom is experiencing, and the new corporate structure will give them more confidence to proceed.”
Details of the new proposals are still being finalized and can be expected to be released in a week or so. But if they follow the plans for retail and wholesale, you can expect 100 percent foreign ownership, previously limited to 75 percent; no requirement for a Saudi citizen to be a shareholder; and limited liability incorporation.
There will probably also be stipulations on minimum investment levels and employment of nationals in the new corporation, as well as commitments on research and development spending, and training, drawn up in consultation with the Saudi Council of Engineers, the national professional body.
The initiative, in such an important part of the economy, represents a further move away from the traditional model of “commercial agents” identified as a drag on regional economies by Karen Young, an academic with the Arab Gulf Sates Institute in Washington, DC.

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Bulls take cover as Sebi shells some D-street firms

Brian Sanchez

MUMBAI: Stocks fell on Tuesday after the regulator announced that investigations will be launched against 331 suspected shell companies and that trading will be severely restricted in those that are listed, forcing the Nifty below the 10,000 mark for the first time in about two weeks.

The benchmark Sensex closed 0.80% lower at 32,014 points while the Nifty ended 0.78% down at 9,978, capping a second day of declines. The last time the Nifty fell below the 10,000 mark was on July 27. The BSE mid and small cap indices fell 1.20% and 1.27%, respectively, over the last two trading days.

The Securities and Exchange Board of India (Sebi) said late on Monday that the ministry of corporate affairs had identified the companies and asked bourses to ensure that the listed ones be “placed in Stage VI of the Graded Surveillance Measures with immediate effect”.

This means the stock can only be traded once a month and any increase in value will be capped. Sebi also told exchanges to verify credentials and conduct forensic audits if needed. Any entity found to be a shell company will be delisted, the regulator said.

Many of those on the list plan to move the Securities Appellate Tribunal against the decisions, lawyers said.

Fund managers said the regulator may have found reason to suspect some entities of money laundering after last year’s demonetisation.

Bulls take cover as Sebi shells some D-street firms

No Definition for ‘Shell’ in Cos Act
Analysts said the order may not go unchallenged by some companies especially due to the lack of a definition for the word ‘shell’ in the Companies Act. Some of the entities said that they were bona fide companies that operate genuine businesses and will seek to have the curbs lifted.

“While it is an excellent order overall, there are seven-eight companies where there is some uncertainty regarding it and they may” file appeals, said SP Tulsian, founder, Premium Investments. He said there could be a loan trail from some of the listed companies to other shell entities, which may have prompted the regulator to take action. The Sebi step appeared to do little to dent activity. Trading volumes in the cash segment on both exchanges rose 26% to Rs 35,653 crore from the previous day.

Participants said the greater impact of the Sebi move was on sentiment rather than the market. Investors and traders used the event as an opportunity to cut some of their more bullish bets as the market searches for the next major trigger.

With first-quarter results failing to inspire investors and the Reserve Bank of India signalling limited interest rate cuts in the near future, such events may test the strength of the market, already on edge amid worries about valuations being excessive. The Nifty has risen 21.9% so far this year, breaching 10,000 on the way, while the Sensex has risen 20.2%.

INDIA VIX UP 7.4%
Some of the nervousness was apparent in the movement of the volatility index. The India VIX was up 7.4% at 12.7 Tuesday. It has risen in the past two days from 11.4 at the end of last week.

“Moves like these give opportunities to clear the excess froth in the market,” said Dharmesh Mehta, managing director, Axis Capital. “The money is now likely to flow into good-quality companies rather than operator-driven ones.”

The Nifty trades at a relatively expensive priceto-earnings ratio of 19.6 times earnings for the current financial year compared with the MSCI Emerging Market index which trades at 13.4 times. Shares of companies in sectors such as realty, energy, power, banking and fast-moving consumer goods (FMCG) fell 1.2-4.4%.

Lawyers advising some of the entities on the Sebi list said principles of natural justice had not been followed and the criteria by which they were chosen for the graded surveillance mechanism wasn’t clear.

“The intention of Sebi is rightly placed though the process and the manner in which such an order has been passed without hearing the parties is legally untenable,” said Sumit Agrawal, founder, Suvan Law Advisors.

Mehta of Axis Capital said: “My sense is that Sebi won’t take such a decision unless there is incriminating evidence for the same.”

Some analysts warned that the selloff could indicate a change in investor perception of a market trading at record levels.

“This could be a sign that they are getting scared of the overall market momentum, because otherwise such incidents were being ignored,” said Dhananjay Sinha, head, institutional research, Emkay Global Financial Services. “People are getting rid of the fatigue by selling off across the board.”

The Nifty PSU Bank Index fell 2.39% on Tuesday. Shares of State Bank of India, ITC, ONGC, NTPC and Axis Bank fell as much as 2%. Both foreign and domestic investors used the dip in the market to buy shares on Tuesday after selling equity to the tune of Rs 500 crore on Monday. Foreign portfolio investors bought shares worth Rs 1,539 crore while domestic institutional investors bought shares worth Rs 798 crore on Tuesday as per provisional data.

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SHAREHOLDER ALERT: Pomerantz Law Firm Reminds Shareholders with Losses on their Investment in Envision Healthcare Corporation of Class Action Lawsuit and Upcoming Deadline – EVHC

Brian Sanchez

Aug 08, 2017 (ACCESSWIRE via COMTEX) — NEW YORK, NY / ACCESSWIRE / August 8, 2017 / Pomerantz LLP announces that a class action lawsuit has been filed against Envision Healthcare Corporation (“Envision” or the “Company”)

EVHC, +0.91%

and certain of its officers. The class action, filed in United States District Court, Middle District of Tennessee, and docketed under 17-cv-01112, is on behalf of a class consisting of investors who purchased or otherwise acquired Envision securities, seeking to recover compensable damages caused by defendants’ violations of the Securities Exchange Act of 1934.

If you are a shareholder who purchased Envision securities between March 2, 2015 and July 21, 2017, both dates inclusive, you have until October 3, 2017 to ask the Court to appoint you as Lead Plaintiff for the class. A copy of the Complaint can be obtained at www.pomerantzlaw.com. To discuss this action, contact Robert S. Willoughby at rswilloughby@pomlaw.com or 888.476.6529 (or 888.4-POMLAW), toll free, Ext. 9980. Those who inquire by e-mail are encouraged to include their mailing address, telephone number, and number of shares purchased.

[Click here to join this class action]

Envision Healthcare Corporation provides health care services. The Hospital offers surgery, pharmacy, medical imaging, emergency care, and other related health care services. Envision Healthcare serves patients in the United States. At all relevant times, EmCare Holdings, Inc. (“EmCare”) has been one of the Company’s primary operating subsidiaries.

The Complaint alleges that, throughout the Class Period, Defendants made materially false and misleading statements regarding the Company’s business, operational and compliance policies. Specifically, Defendants made false and/or misleading statements and/or failed to disclose that: (i) EmCare routinely arranged for patients who sought treatment at in-network facilities to be treated by out-of-network physicians; (ii) EmCare accordingly billed these patients at higher rates than if the patients had received treatment from in-network physicians; (iii) the Company’s statements attributing EmCare’s Class Period growth to other factors were therefore false and/or misleading; (iv) Envision’s EmCare revenues were likely to be unsustainable after the foregoing conduct came to light; and (v) as a result of the foregoing, Envision’s public statements were materially false and misleading at all relevant times.

On July 24, 2017, The New York Times reported that hospitals associated with Envision’s subsidiary EmCare were disproportionately likely to engage in “surprise billing,” in which patients who sought treatment at in-network facilities were treated by out-of-network physicians and subsequently billed at higher rates.

On this news, Envision’s share price fell $2.33, or 3.72%, to close at $60.28 on July 24, 2017.

The Pomerantz Firm, with offices in New York, Chicago, Florida, and Los Angeles, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 80 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com.

SOURCE: Pomerantz LLP

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Booz Allen Hamilton Holding Corporation : Pomerantz Law Firm Reminds Shareholders with Losses on their Investment in Booz Allen Hamilton Holding Corporation of Class Action Lawsuit and Upcoming Deadline – BAH

Brian Sanchez

NEW YORK, NY / ACCESSWIRE / August 8, 2017 / Pomerantz LLP announces that a class action lawsuit has been filed against Booz Allen Hamilton Holding Corporation (”Booz Allen” or the ”Company”) (NYSE: BAH and certain of its officers. The class action, filed in United States District Court, Eastern District of Virginia, is on behalf of a class consisting of investors who purchased or otherwise acquired Booz Allen’s securities, seeking to recover compensable damages caused by defendants’ violations of the Securities Exchange Act of 1934.

If you are a shareholder who purchased Booz Allen securities between May 19, 2016 and June 15, 2017, both dates inclusive, you have until August 18, 2017 to ask the Court to appoint you as Lead Plaintiff for the class. A copy of the Complaint can be obtained at www.pomerantzlaw.com. To discuss this action, contact Robert S. Willoughby at rswilloughby@pomlaw.com or 888.476.6529 (or 888.4-POMLAW),
toll free, ext. 9980. Those who inquire by e-mail are encouraged to include their mailing address, telephone number, and number of shares purchased.

[Click here to join this class action]

Booz Allen is an American management consulting firm. The Company purports to provide management and technology consulting, engineering, analytics, digital, mission operations, and cyber solutions to governments, corporations, and not-for-profit organizations in the United States and internationally. At all relevant times, Booz Allen has derived substantially all of its revenues from services provided to the U.S. government.

The Complaint alleges that throughout the Class Period, Defendants made materially false and misleading statements regarding the Company’s business, operational and compliance policies. Specifically, Defendants made false and/or misleading statements and/or failed to disclose that: (i) Booz Allen engaged in improper accounting practices in its contracts with the U.S. government; (ii) consequently, the Company’s revenues derived from services provided to the U.S. government were inflated and unsustainable; (iii) discovery of the foregoing conduct would subject the Company to heightened regulatory scrutiny, potential criminal sanctions, and jeopardize its business relationship with the U.S. government; and (iv) as a result of the foregoing, Booz Allen’s public statements were materially false and misleading at all relevant times.

On June 15, 2017, post-market, Booz Allen disclosed that on June 7, 2017, the Company’s subsidiary Booz Allen Hamilton Inc. ”was informed that the U.S. Department of Justice is conducting a civil and criminal investigation relating to certain elements of [its] cost accounting and indirect cost charging practices with the U.S. government.”

On this news, Booz Allen’s share price fell $7.43, or 18.89%, to close at $31.90 on June 16, 2017.

The Pomerantz Firm, with offices in New York, Chicago, Florida, and Los Angeles, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 80 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com.

SOURCE: Pomerantz LLP


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SHAREHOLDER ALERT: Pomerantz Law Firm Reminds Shareholders with Losses on their Investment in TechnipFMC plc of Class Action Lawsuit and Upcoming Deadline – FTI

Brian Sanchez

Aug 08, 2017 (ACCESSWIRE via COMTEX) — NEW YORK, NY / ACCESSWIRE / August 8, 2017 / Pomerantz LLP announces that a class action lawsuit has been filed against TechnipFMC plc (”TechnipFMC” or the ”Company”)

FTI, -0.55%

and certain of its officers. The class action, filed in United States District Court, Southern District of Texas, Houston Division, and docketed under 17-cv-02368, is on behalf of a class consisting of investors who purchased or otherwise acquired TechnipFMC securities, seeking to recover compensable damages caused by defendants’ violations of the Securities Exchange Act of 1934.

If you are a shareholder who purchased TechnipFMC securities between April 27, 2017, and July 24, 2017, both dates inclusive, you have until October 2, 2017 to ask the Court to appoint you as Lead Plaintiff for the class. A copy of the Complaint can be obtained at www.pomerantzlaw.com. To discuss this action, contact Robert S. Willoughby at rswilloughby@pomlaw.com or 888.476.6529 (or 888.4-POMLAW), toll free, Ext. 9980. Those who inquire by e-mail are encouraged to include their mailing address, telephone number, and number of shares purchased.

[Click here to join this class action]

TechnipFMC plc provides oilfield services. The Company offers subsea, surface, onshore, and offshore solutions for oil and gas projects. TechnipFMC serves customers worldwide. TechnipFMC was formed through the merger of FMC Technologies Inc. and French oil-services Technip SA.

The Complaint alleges that throughout the Class Period, Defendants made materially false and misleading statements regarding the Company’s business, operational and compliance policies. Specifically, Defendants made false and/or misleading statements and/or failed to disclose that: (i) TechnipFMC had a material weakness in its internal control over rates used in the calculations of the foreign currency effects on certain of its engineering and construction projects; (ii) accordingly, the Company lacked effective internal controls over financial reporting; and (iii) as a result of the foregoing, TechnipFMC’s public statements were materially false and misleading at all relevant times.

On July 24, 2017, post-market, TechnipFMC issued a press release and filed a Current Report on Form 8-K with the SEC, announcing that the Company would restate its financial statements as of March 31, 2017, as these statements could no longer be relied upon.

On this news, TechnipFMC’s share price fell $0.48, or 1.71%, to close at $27.56 on July 25, 2017.

The Pomerantz Firm, with offices in New York, Chicago, Florida, and Los Angeles, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 80 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com.

SOURCE: Pomerantz LLP

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