Press release
Lawsuit filed for Investors in shares of Golar LNG Limited (NASDAQ: GLNG)
A lawsuit was filed on behalf of investors in Golar LNG Limited (NASDAQ: GLNG) shares over alleged securities laws violations.
Investors who purchased shares of Golar LNG Limited (NASDAQ: GLNG) have certain options and for certain investors are short and strict deadlines running. Deadline: November 23, 2020. NASDAQ: GLNG investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
On September 24, 2020, it was reported that the Chief Executive Officer (“CEO”) of Golar’s joint venture, Hygo Energy Transition Ltd. (“Hygo”), was involved in a bribery network investigated in Brazil’s Operation Car Wash.
Shares of Golar LNG Limited (NASDAQ: GLNG) declined from $13.98 per share on September 18, 2020, to as low as $5.67 per share on September 29, 2020.
The plaintiff claims that between April 30, 2020 and September 24, 2020, the Defendants failed to disclose to investors that certain employees, including Hygo’s CEO, had bribed third parties, thereby violating anti-bribery policies, that, as a result, the Company was likely to face regulatory scrutiny and possible penalties, that, as a result of the foregoing reputational harm, Hygo’s valuation ahead of its IPO would be significantly impaired, and that, as a result of the foregoing, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
Those who purchased shares of Golar LNG Limited (NASDAQ: GLNG) have certain options and should contact the Shareholders Foundation.
Media Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
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