Expro Group Holdings N.V. (XPRO)
Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Expro Group Holdings N.V. (“Expro” or “the Company”) (NYSE: XPRO). Investors who purchased Expro securities are encouraged to obtain additional information and assist the investigation.
The investigation concerns whether Expro has violated federal securities laws.
On September 27, 2023, Expro issued a press release “report[ing] that on September 19, offshore Australia, an incident occurred in which the wire failed on the main crane of the third party-owned vessel working with Expro while the crane was suspending the subsea module (SSM) of Expro’s vessel-deployed lightwell intervention (LWI) system. At the time of the failure, the SSM was suspended approximately 15 meters above the seabed. As a result of the wire failure, the SSM, associated umbilical lines, and the severed crane wire descended to the seabed.” Following the incident, “Expro has suspended vessel-deployed LWI operations and is working with the relevant stakeholders and independent experts to assess the incident, and plan the recovery operation.” On this news, Expro’s stock price fell $1.38 per share, or 5.57%, to close at $23.40 per share on September 28, 2023.
If you are aware of any facts relating to this investigation or purchased Expro securities, you can assist this investigation. You can also contact Peretz Bronstein or his law clerk and client relations manager, Yael Nathanson of Bronstein, Gewirtz & Grossman, LLC: 332-239-2660.
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Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Nathanson
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