Baker Hughes Company (BKR)

Investigation 

Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Baker Hughes Company 

("Baker Hughes" or "the Company") (NYSE: BKR). The investigation concerns whether Baker Hughes and certain of its officers and/or directors have violated federal securities laws.

 

On February 25, 2021, Baker Hughes filed its annual report with the SEC in which it revealed that, in December of 2020, the SEC had notified Baker Hughes of an investigation into the Company “related to its books and records and internal controls regarding sales of its products and services in projects impacted by U.S. sanctions.” Baker Hughes also revealed that it had also initiated an internal review “regarding internal controls and compliance related to U.S. sanctions requirements.” Following this news, Baker Hughes stock dropped $0.25 per share to close at $24.48 on February 26, 2021 on heavy trading volume. Baker Hughes continued to drop to a low of $23.00 per share on March 4, 2021.

 

If you are aware of any facts relating to this investigation, or purchased Baker Hughes shares, you can assist this investigation by visiting contacting the firm. You can also contact Peretz Bronstein or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484. 

Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique.  Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients.  In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm’s expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.

© 2020 Bronstein, Gewirtz & Grossman, LLC

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BG&G is not affiliated to any of these companies. All respective trademarks are owned by the respective companies.