Scott+Scott, Attorneys at Law, LLP Reminds Investors of Lead Plaintiff Deadline in Class Action Against CHC Group Ltd. (HELI)...
07 July 2015 - 01:06AM
Business Wire
Scott+Scott, Attorneys at Law, LLP (“Scott+Scott”), a national
shareholder and consumer rights litigation firm, announces that a
class action lawsuit has been commenced in the United States
District Court for the Southern District of New York on behalf of
purchasers of CHC Group Ltd. (NYSE:HELI) (“CHC Group”) common stock
pursuant and/or traceable to the initial public offering
(“Offering”) between January 16, 2014 and July 10, 2014, inclusive
(the “Class Period”).
CHC Group (NYSE:HELI) is an offshore energy helicopter services
specialist. CHC Group facilitates long-distance crew changes on
offshore production facilities and drilling rigs. CHC Group also
provides search and rescue, emergency medical and repair services
for government agencies and third parties.
On or about January 16, 2014, CHC Group conducted its Initial
Public Offering, selling 31 million shares at $10 per share.
On July 10, 2014, CHC Group announced that “starting in April of
2013, Petrobras stopped making payments on contracts to CHC Group
and other operators of 225[] [helicopters] in Brazil until
overwater flights with those aircraft resumed.” On this news, the
price of CHC Group dropped from $8.62 to $7.63, or over 11%.
You can view a copy of the complaint filed by Scott+Scott here:
Case Summary and Complaint.
What You Can Do
If you purchased CHC Group stock during this time period and
wish to serve as a lead plaintiff in the action, you must move the
Court no later than July 17, 2015. Any member of the class
may move the Court to serve as lead plaintiff through counsel of
its choice or may choose to do nothing and remain an absent class
member. If you wish to discuss this action or have questions
concerning this notice or your rights, please contact Scott+Scott
(scottlaw@scott-scott.com, (800) 404-7770, (860) 537-5537) or visit
the Scott+Scott website for more information:
http://www.scott-scott.com.
About Scott+Scott, Attorneys at Law, LLP
Scott+Scott has significant experience in prosecuting major
securities, antitrust, and employee retirement plan actions
throughout the United States. The firm represents pension funds,
foundations, individuals, and other entities worldwide.
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Scott+Scott, Attorneys at Law, LLPJoseph V. Halloran,
646-582-0121jhalloran@scott-scott.com