Overview

Basic information

Litigation

Active legal matters

Material Events

8-K disclosures

SEC Filings

Key regulatory docs

Insider Transactions

Ownership changes

Overview

Basic information

Litigation

Active legal matters

Material Events

8-K disclosures

SEC Filings

Key regulatory docs

Insider Transactions

Ownership changes

TechnipFMC plc (FTI) Class Action Lawsuit (August 2017)

Closed

4:17cv2368 • August 3, 2017

Class Period Start

January 16, 2017

Class Period End

July 31, 2019

PSLRA Deadline

October 2, 2017

Case Allegations

10b5

Statutes of Repose

Jan 16, 2020

Country

United States

Court

Federal Court

Settlement Information

Please note that for cases in the settlement stage, claims are handled by the claims administrator and NOT Levi & Korsinsky. Any information or documentation previously provided to us does not constitute submission of a claim. If you need to file a claim, check the status of a claim, or have questions regarding distribution of settlement funds, please contact the claims administrator below.

Claim Deadline

May 15, 2021

Settlement Fund

$19,500,000

Settlement Status

Disbursed

Settlement Class

All persons or entities that purchase or otherwise acquired TechnipFMC Common Stock in the United States, including but not limited to shares acquired through the merger of FMC Technologies Inc., FMC Technologies SIS Limited and Technip S.A.) between January 16, 2017 and July 24, 2017, both dates inclusive.

Claim Administrator

JND Legal Administration
TechnipFMC Securities Litigation c/o JND Legal Administration P.O. Box 91369 Seattle, WA 98111
+1 877-545-0232
[email protected]

Hearing Date

March 19, 2021

Opt-out Deadline

February 26, 2021

Settlement Note

Download here

Proof Of Claim

Download here

Docket History

Jan 21, 2022

Disbursement Approved

The court has approved the distribution of settlement funds to eligible class members. Investors with approved claims may receive payments from the settlement. If you have questions about your claim or payment, contact the claims administrator.

Mar 22, 2021

Final Approval of Settlement

The court has granted final approval of the settlement. Eligible investors who submit valid claims may receive a payment once the claims review and distribution process is completed.

Dec 16, 2020

Proof of Claim Form

To receive your portion of the recovery (if you are eligible), you must submit this form to the claims administrator by the deadline indicated on the form itself. If you do not submit this form in time, you will not be entitled to compensation. If you have questions about how to complete the form, you should contact the claims administrator.

Dec 16, 2020

Preliminary Approval of Settlement

The court has granted preliminary approval of a proposed settlement. This means the settlement can move forward for further consideration, but it has not yet received final approval. Potential class members will generally receive notice explaining the settlement, their rights, and any deadlines for submitting a claim, objecting to the settlement, or choosing not to participate.

Sep 24, 2020

Scheduling Order

May 26, 2020

Scheduling Order

Mar 9, 2020

Class Certification Granted

The court has determined that a class action is the appropriate method to bring the claims by class members. Usually, when a class is certified, the judge will also affirm an individual or entity to represent the class and finalize a class definition (i.e.: who is represented in the lawsuit).

Jul 23, 2019

Scheduling Order

Jul 23, 2019

Scheduling Order

Jun 20, 2019

Scheduling Order

Apr 3, 2019

Motion for Class Certification

The plaintiffs have asked the court to approve the lawsuit to proceed as a class action on behalf of a group of investors. The judge will decide whether the case meets the requirements for class certification and which investors and claims may be included.

Jan 18, 2019

Motion to Dismiss Granted

The court has granted the defendants' request to dismiss the lawsuit. Depending on the court's decision, the plaintiffs may be allowed to file an updated complaint or pursue an appeal.

Jan 18, 2019

Scheduling Order

Jun 20, 2018

Scheduling Order

Mar 8, 2018

Motion to Dismiss

After reviewing the complaint(s) filed by plaintiffs, defendants have filed a motion requesting that the court dismiss some or all of the plaintiffs' claims. In a motion to dismiss, defendants might challenge the validity of plaintiffs' claims or adequacy of plaintiffs' pleadings. Once a motion to dismiss is filed, the judge will make a decision on whether part or all of the case should be dismissed or the case can proceed as alleged.

Feb 20, 2018

Scheduling Order

Jan 22, 2018

First Amended Complaint

A new complaint has been filed on behalf of certain investors in TechnipFMC plc. Amended complaints may contain additional facts, parties, allegations, a change in the class definition, etc.

Jan 2, 2018

Scheduling Order

Dec 8, 2017

Appointment of Lead Plaintiff

The court has appointed a lead plaintiff to represent the interests of investors in the lawsuit. The lead plaintiff works with the attorneys handling the case, helps oversee the litigation, and represents the interests of the proposed class.

Aug 4, 2017

Scheduling Order

Aug 3, 2017

First Filed Complaint

A securities fraud class action complaint has been filed on behalf of certain investors in TechnipFMC plc.

TOP