Wolf Haldenstein Adler Freeman & Herz LLP  announces that a class action lawsuit has been filed in the United States District Court for the Southern District of New York against CHC Group Ltd. (NYSE:HELI) (“CHC”), certain of its officers, and the underwriting banks in CHC’s January 16, 2014 Initial Public Offering (“IPO”), alleging multiple violations of the 1933 Securities Act in connection CHC’s IPO. The case is brought on behalf of a class consisting of all investors who acquired CHC common stock pursuant and/or traceable to the IPO between January 16, 2014 and July 10, 2014, inclusive (the “Class Period”).

The case alleges that CHC, a provider of commercial helicopter services to the offshore oil and gas industry worldwide, failed to disclose in connection with its IPO that one of its largest clients, Petroleo Brasileiro S.A., had stopped making payments on its contracts with CHC since April 2013. It was not until a July 10, 2014 earnings call that CHC disclosed the truth, stating that the company did not expect to recover revenues relating to the contract, that guidance for future quarters would not reflect any recovery, and that CHC’s revenues for fiscal 2014 would come in at the bottom of the company’s guidance ranges. On July 10, 2014, CHC Group Ltd.’s shares declined nearly 12% below their July 9, 2014 closing price, and more than 23% below the IPO price.

Wolf Haldenstein encourages all shareholders who suffered losses on securities purchased within the class period to contact us immediately at (800) 575-0735 or email classmember@whafh.com  prior as the lead plaintiff deadline is July 17, 2015.

Wolf Haldenstein has extensive experience in the prosecution of securities class actions and derivative litigation in state and federal trial and appellate courts across the country.  The firm has attorneys in various practice areas; and offices in New York, Chicago and San Diego.  The reputation and expertise of this firm in shareholder and other class litigation has been repeatedly recognized by the courts, which have appointed it to major positions in complex securities multi-district and consolidated litigation.

If you wish to discuss this action or have any questions regarding your rights and interests in this case, please immediately contact Wolf Haldenstein Adler Freeman & Herz LLP by telephone at (800) 575-0735, via e-mail at classmember@whafh.com, or visit our website at www.whafh.com.  All e-mail correspondence should make reference to the “CHC investigation.”

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Wolf Haldenstein Adler Freeman & Herz LLP 
Patrick Donovan, Esq.
Gregory Stone, Director of Case and Financial Analysis
Email: gstone@whafh.com, Donovan@whafh.com or classmember@whafh.com
Tel: (800) 575-0735 or (212) 545-4774