Baker Hughes Shareholder Alert
Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses Exceeding $50,000 In Baker Hughes Company To Contact Him Directly To Discuss Their Options
New York, New York--(Newsfile Corp. - April 3, 2021) - Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against Baker Hughes Company ("Baker Hughes" or the "Company") (NYSE: BKR).
If you suffered losses exceeding $50,000 investing in Baker Hughes stock or options and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310). You may also click here for additional information: http://www.faruqilaw.com/BKR.
There is no cost or obligation to you.
Faruqi & Faruqi is a leading minority and Woman-owned national securities law firm with offices in New York, Delaware, Pennsylvania, California and Georgia.
On February 25, 2021, after market hours, Baker Hughes filed its annual report with the SEC. In the report, Baker Hughes 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."
On this news, Baker Hughes share prices fell by $0.25 to close at $24.48 on February 26, 2021 on heavy trading volume. Over the next several trading days, Baker Hughes shares continued to trade at unusually high volumes, and the price dropped as low as $23.00 per share on March 4, 2021.
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