NEW YORK, May 30, 2017 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of John Wood Group PLC ("John Wood" or the "Company") (OTCMKTS: WDGJF). Such investors are advised to contact Robert S. Willoughby at firstname.lastname@example.org or 888-476-6529, ext. 9980.
The investigation concerns whether John Wood and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
On May 23, 2017, in a prospectus concerning the Company's proposed acquisition of Amec Foster Wheeler ("Amec"), John Wood disclosed details of the Company's internal probe into its past dealings with Unaoil, a Monaco-based oil business under criminal investigation by the U.K.'s Serious Fraud Office ("SFO"). John Wood further disclosed that the SFO had requested that Amec produce information related to the agency's investigation into Unaoil.
On this news, John Wood's share price fell $0.38, or 3.93%, to close at $9.30 on May 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
Robert S. Willoughby
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SOURCE Pomerantz LLP