Holzer Holzer & Fistel, LLC announces that it is investigating potential breaches of fiduciary duty by certain officers and directors of Layne Christensen Company (“Layne Christensen” or the “Company”) (NASDAQ: LAYN). On March 22, 2012, Layne Christensen announced that the results of an internal investigation into the Company’s practices suggested that it had been routinely violating the Foreign Corrupt Practices Act by making improper payments through its subsidiaries in Africa. This alleged misconduct is now being investigated by the Securities and Exchange Commission and the U.S. Department of Justice.
Holzer Holzer & Fistel, LLC’s investigation seeks to determine if Layne Christensen’s Board of Directors breached its fiduciary duty to Company shareholders in connection with the potential violations of the FCPA.
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