(Violations of Section 20(a) of the Exchange Act Against The Individual Defendants)   (Violations of Section 10(b) of the Exchange Act and Rule 10b-5 Promulgated Thereunder  Against All Defendants)   17.  TechnipFMC plc provides oilfield services. The Company offers subsea, surface,  onshore, and offshore solutions for oil and gas projects. TechnipFMC serves customers  worldwide.  Materially False and Misleading Statements Issued During the Class Period   20.  In the Q1 2017 10-Q, the Company stated, in relevant part:  27.  The members of the Class are so numerous that joinder of all members is  impracticable.  Throughout the Class Period, TechnipFMC securities were actively traded on the  NYSE.  While the exact number of Class members is unknown to Plaintiff at this time and can  be ascertained only through appropriate discovery, Plaintiff believes that there are hundreds or  thousands of members in the proposed Class.  Record owners and other members of the Class  may be identified from records maintained by TechnipFMC or its transfer agent and may be  notified of the pendency of this action by mail, using the form of notice similar to that  customarily used in securities class actions.   28.  Plaintiff’s claims are typical of the claims of the members of the Class as all  members of the Class are similarly affected by defendants’ wrongful conduct in violation of  federal law that is complained of herein.   29.  Plaintiff will fairly and adequately protect the interests of the members of the  Class and has retained counsel competent and experienced in class and securities litigation.   Plaintiff has no interests antagonistic to or in conflict with those of the Class.   31.  A class action is superior to all other available methods for the fair and efficient  adjudication of this controversy since joinder of all members is impracticable.  Furthermore, as  the damages suffered by individual Class members may be relatively small, the expense and  burden of individual litigation make it impossible for members of the Class to individually  redress the wrongs done to them.  There will be no difficulty in the management of this action as  a class action.   32.  Plaintiff will rely, in part, upon the presumption of reliance established by the  fraud-on-the-market doctrine in that:  •  defendants made public misrepresentations or failed to disclose material facts  during the Class Period;  •  the omissions and misrepresentations were material;  •  TechnipFMC  securities are traded in an efficient market;  •  the Company’s shares were liquid and traded with moderate to heavy volume  during the Class Period;  •  the Company traded on the NYSE and was covered by multiple analysts;  •  the misrepresentations and omissions alleged would tend to induce a reasonable  investor to misjudge the value of the Company’s securities; and  •  Plaintiff and members of the Class purchased, acquired and/or sold  TechnipFMC securities between the time the defendants failed to disclose or  misrepresented material facts and the time the true facts were disclosed, without  knowledge of the omitted or misrepresented facts.   34.  Alternatively, Plaintiff and the members of the Class are entitled to the  presumption of reliance established by the Supreme Court in Affiliated Ute Citizens of the State  of Utah v. United States, 406 U.S. 128, 92 S. Ct. 2430 (1972), as Defendants omitted material  information in their Class Period statements in violation of a duty to disclose such information,  as detailed above.  35.  Plaintiff repeats and realleges each and every allegation contained above as if  fully set forth herein.   36.  This Count is asserted against defendants and is based upon Section 10(b) of the  Exchange Act, 15 U.S.C. § 78j(b), and Rule 10b-5 promulgated thereunder by the SEC.   38.  Pursuant to the above plan, scheme, conspiracy and course of conduct, each of the  defendants participated directly or indirectly in the preparation and/or issuance of the quarterly  and annual reports, SEC filings, press releases and other statements and documents described  above, including statements made to securities analysts and the media that were designed to  influence the market for TechnipFMC securities.  Such reports, filings, releases and statements  were materially false and misleading in that they failed to disclose material adverse information  and misrepresented the truth about TechnipFMC’s finances and business prospects.   39.    By virtue of their positions at TechnipFMC , defendants had actual knowledge  of the materially false and misleading statements and material omissions alleged herein and  intended thereby to deceive Plaintiff and the other members of the Class, or, in the alternative,  defendants acted with reckless disregard for the truth in that they failed or refused to ascertain  and disclose such facts as would reveal the materially false and misleading nature of the  statements made, although such facts were readily available to defendants.  Said acts and  omissions of defendants were committed willfully or with reckless disregard for the truth.  In  addition, each defendant knew or recklessly disregarded that material facts were being  misrepresented or omitted as described above.   41.  The Individual Defendants are liable both directly and indirectly for the wrongs  complained of herein.  Because of their positions of control and authority, the Individual  Defendants were able to and did, directly or indirectly, control the content of the statements of  TechnipFMC.  As officers and/or directors of a publicly-held company, the Individual  Defendants had a duty to disseminate timely, accurate, and truthful information with respect to  TechnipFMC’s businesses, operations, future financial condition and future prospects.  As a  result of the dissemination of the aforementioned false and misleading reports, releases and  public statements, the market price of TechnipFMC securities was artificially inflated throughout  the Class Period.  In ignorance of the adverse facts concerning TechnipFMC’s business and  financial condition which were concealed by defendants, Plaintiff and the other members of the  Class purchased or otherwise acquired TechnipFMC securities at artificially inflated prices and  relied upon the price of the securities, the integrity of the market for the securities and/or upon  statements disseminated by defendants, and were damaged thereby.   43.  By reason of the conduct alleged herein, defendants knowingly or recklessly,  directly or indirectly, have violated Section 10(b) of the Exchange Act and Rule 10b-5  promulgated thereunder.   44.  As a direct and proximate result of defendants’ wrongful conduct, Plaintiff and  the other members of the Class suffered damages in connection with their respective purchases,  acquisitions and sales of the Company’s securities during the Class Period, upon the disclosure  that the Company had been disseminating misrepresented financial statements to the investing  public.  45.  Plaintiff repeats and realleges each and every allegation contained in the  foregoing paragraphs as if fully set forth herein.   46.  During the Class Period, the Individual Defendants participated in the operation  and management of TechnipFMC, and conducted and participated, directly and indirectly, in the  conduct of TechnipFMC’s business affairs.  Because of their senior positions, they knew the  adverse non-public information about TechnipFMC’s misstatement of income and expenses and  false financial statements.   48.  Because of their positions of control and authority as senior officers, the  Individual Defendants were able to, and did, control the contents of the various reports, press  releases and public filings which TechnipFMC disseminated in the marketplace during the Class  Period concerning TechnipFMC’s results of operations.  Throughout the Class Period, the  Individual Defendants exercised their power and authority to cause TechnipFMC to engage in  the wrongful acts complained of herein. The Individual Defendants therefore, were “controlling  persons” of TechnipFMC within the meaning of Section 20(a) of the Exchange Act.  In this  capacity, they participated in the unlawful conduct alleged which artificially inflated the market  price of TechnipFMC securities.   49.  Each of the Individual Defendants, therefore, acted as a controlling person of  TechnipFMC.  By reason of their senior management positions and/or being directors of  TechnipFMC, each of the Individual Defendants had the power to direct the actions of, and  exercised the same to cause, TechnipFMC to engage in the unlawful acts and conduct  complained of herein.  Each of the Individual Defendants exercised control over the general  operations of TechnipFMC and possessed the power to control the specific activities which  comprise the primary violations about which Plaintiff and the other members of the Class  complain.   50.  By reason of the above conduct, the Individual Defendants are liable pursuant to  Section 20(a) of the Exchange Act for the violations committed by TechnipFMC.  Background  