New York, New York--(Newsfile Corp. - October 13, 2020) - The Klein Law Firm announces that a class action complaint has been filed on behalf of shareholders of Golar LNG Limited (NASDAQ: GLNG) alleging that the Company violated federal securities laws.
Class Period: April 30, 2020 and September 24, 2020
Lead Plaintiff Deadline: November 23, 2020
Learn more about your recoverable losses in GLNG:
http://www.kleinstocklaw.com/pslra-1/golar-lng-limited-loss-submission-form?id=10071&from=5
The filed complaint alleges that Golar LNG Limited made materially false and/or misleading statements and/or failed to disclose that: (1) certain employees, including the Chief Executive Officer of Hygo Energy Transition Ltd. f/k/a Golar Power Limited ("Hygo"), had bribed third parties, thereby violating anti-bribery policies; (2) as a result, the Company was likely to face regulatory scrutiny and possible penalties; (3) as a result of the foregoing reputational harm, Hygo's valuation ahead of its initial public offering would be significantly impaired; and (4) 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.
Shareholders have until November 23, 2020 to petition the court for lead plaintiff status. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
For additional information about the GLNG lawsuit, please contact J. Klein, Esq. by telephone at 212-616-4899 or click the link above.
J. Klein, Esq. represents investors and participates in securities litigations involving financial fraud throughout the nation. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
J. Klein, Esq.
Empire State Building
350 Fifth Avenue
59th Floor
New York, NY 10118
jk@kleinstocklaw.com
Telephone: (212) 616-4899
Fax: (347) 558-9665
www.kleinstocklaw.com
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/65813
