Law firm announces investigation of FLIR Systems

Law firm announces investigation of FLIR Systems

4-Jun-2015 Source: Hynes Keller & Hernandez

Hynes Keller & Hernandez, LLC is investigating potential claims against the Board of Directors of FLIR Systems Inc. (Nasdaq: FLIR) (“FLIR”) concerning possible breaches of fiduciary duty arising from the announcement by the U.S. Securities and Exchange Commission (“SEC”) on April 8, 2015 that FLIR had violated the Foreign Corrupt Practices Act (“FCPA”).

Specifically, the SEC alleges that FLIR financed what an employee termed a “world tour” of personal travel for government officials in the Middle East who played key roles in decisions to purchase FLIR products. FLIR earned more than $7 million in profits from sales influenced by the improper travel and gifts.

FLIR has agreed to settle the SEC’s charges by paying more than $9.5 million and reporting its FCPA compliance efforts to the agency for the next two years. According to the SEC’s order instituting a settled administrative proceeding against FLIR, the company had few internal controls over gifts and travel out of its foreign sales offices.

Click here for more information about our investigation of FLIR: http://hkh-lawfirm.com/investigations-cases/flir-systems-inc-flir/

Hynes Keller & Hernandez, LLC is a national law firm that represents institutional and individual investors.  The firm is focused on providing exemplary legal services in the area of shareholder litigation. The firm has an experienced litigation team which has achieved significant victories on behalf of the firm’s clients.  You can visit our website at www.hkh-lawfirm.com for more information.  Attorney advertising. Prior results do not guarantee similar outcomes.

If you hold shares in FLIR and would like to obtain additional information about your legal rights and protect your investment, please visit our website or contact the attorneys below.  There is no cost or obligation to you.

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