GlobeNewswire Inc | Sep 25, 2020 01:56PM EDT

September 25, 2020

NEW YORK, Sept. 25, 2020 (GLOBE NEWSWIRE) -- Faruqi & Faruqi, LLP, a leading national securities law firm, reminds investors in Golar LNG Limited (Golar or the Company) (NASDAQ:GLNG) of the November 23, 2020 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company.

If you invested in Golarstock or options between April 30, 2020 and September 24, 2020 and would like to discuss your legal rights, click herewww.faruqilaw.com/GLNG.There is no cost or obligation to you.

You can also contact us by calling Richard Gonnello toll free at 877-247-4292 or at 212-983-9330 or by sending an e-mail to rgonnello@faruqilaw.com.

CONTACT:FARUQI & FARUQI, LLP 685 Third Avenue, 26th Floor New York, NY 10017 Attn: Richard Gonnello, Esq. rgonnello@faruqilaw.com Telephone: (877) 247-4292 or (212) 983-9330

A lawsuit has been filed in the U.S. District Court for the Southern District of New York on behalf of all those who purchased Golar securities between April 30, 2020 September 24, 2020 (the Class Period). The case, Zarabi v. Golar LNG Limited, No. 1:20-cv-07926, was filed on September 24, 2020.

As detailed below, the lawsuit focuses on whether the Company and certain of its executives violated federal securities laws by making false and/or misleading statements and/or failing to disclose: 1) that certain employees, including Hygo Energy Transition Ltd.s f/k/a Golar Power Limited (Hygo) CEO, had bribed third parties, thereby violating anti-bribery policies; (2) that, as a result, the Company was likely to face regulatory scrutiny and possible penalties; (3) that, as a result of the foregoing reputational harm, Hygos valuation ahead of its IPO would be significantly impaired; and (4) that, as a result of the foregoing, Defendants positive statements about the Companys business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

Specifically, on September 24, 2020, media reported that Hygos CEO, Eduardo Navarro Antonello, was involved in a bribery network in Brazils Operation Car Wash.

On this news, Golars share price fell $3.28 per share to close at $6.86 per share on September 24, 2020a a drop of approximately 32%.

The court-appointed lead plaintiff is the investor with the largest financial interest in the relief sought by the class who is adequate and typical of class members who directs and oversees the litigation on behalf of the putative class. Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member. Your ability to share in any recovery is not affected by the decision to serve as a lead plaintiff or not.

Faruqi & Faruqi, LLP also encourages anyone with information regarding Golars conduct to contact the firm, including whistleblowers, former employees, shareholders and others.

Attorney Advertising. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We welcome the opportunity to discuss your particular case. All communications will be treated in a confidential manner.