Kendall Law Group Investigates Layne Christensen Company

DALLAS--(BUSINESS WIRE)--Kendall Law Group, a national securities firm, is investigating certain officers and directors of Layne Christensen (NasdaqGS: LAYN) for possible violations of the Foreign Corrupt Practices Act (“FCPA”). Layne recently announced that it has suspended three of its managers and initiated an investigation of its overseas business. Concerned Layne shareholders are encouraged to contact the Kendall Law Group at 877-744-3728 or by email at skendall@kendalllawgroup.com.

The firm’s investigation concerns recent filings by Layne with the Securities and Exchange Commission (SEC) and reports to the Department of Justice (DOJ) that three of its manager have been suspended pending an internal probe that it may have violated the FCPA in an unspecified African market. The company disclosed it had discovered “documents and information suggesting improper payments” over a “considerable period of time.” Such violations of federal law could have significant effects on Layne’s business. Layne timed the release of the potential violations immediately after it had reported the day before increased income for its fiscal first quarter.

The FCPA is designed to prevent undue influence and beneficial market position in foreign countries through bribery and similar practices. Violations of the FCPA that resolve in settlements with the SEC often result in substantial civil penalties to the company affecting shareholder interests.

Kendall Law Group has the credentials and experience to pursue any type of complex securities litigation in the nation. The firm, led by former federal judge Joe Kendall and a former U.S. Attorney, is a national securities firm that represents shareholders when publicly traded companies violate the law. Current shareholders who have information or questions are urged to contact attorney Scott Kendall at the Kendall Law Group for more information.