AmericasOffshore

Shareholders fight FMC Technologies

Scott+Scott, a US shareholder and consumer rights litigation firm, is investigating oil service equipment firm FMC Technologies.

On March 28 this year FMC received an inquiry from the US Department of Justice (DOJ) relating to the DOJ’s investigation of whether certain services Monaco-headquartered Unaoil provided to its clients, including FMC, violated the Foreign Corrupt Practices Act leading to considerable share price volatility since then.

FMC designs, manufactures, and services systems and products used in offshore drilling, specializing in the deepwater exploration and production of crude oil and natural gas. FMC also provides handling and processing systems to industrial customers.

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Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.
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