Petrofac Ltd.

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Company Name	Petrofac Ltd.
Stock Symbol	POFCY
Status	1

On May 25, 2017, Petrofac suspended its chief operating officer Marwan Chedid after a U.K. prosecutor said the Company hasn’t cooperated with a bribery probe. The Company has also brought on a “senior external specialist” and set up a new committee to oversee the response to the bribery investigation. Petrofac CEO Ayman Asfari and COO Marwan Chedid were arrested, questioned and released without being charged in connection with alleged bribes paid to secure lucrative contracts.

On this news, shares of Petrofac fell sharply, over 30%, during intraday trading on May 25, 2017.

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If you suffered a loss on your Petrofac Ltd. investments or would like to inquire about joining an action to recover your loss under the federal securities laws, please complete the form below. Please note that submission of this form does not by itself form an attorney-client relationship nor does filing out this form mean you have joined any lawsuit.

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