San Diego, CA -- (SBWIRE) -- 06/02/2015 -- An investor, who purchased shares of CHC Group Ltd (NYSE:HELI), filed a lawsuit in the U.S. District Court for the Southern District of New York over alleged violations of the 1933 Securities Act in connection CHC's January 16, 2014 Initial Public Offering ("IPO").

Investors who purchased shares of CHC Group Ltd (NYSE:HELI) have certain options and for certain investors are short and strict deadlines running. Deadline: July 17, 2015. NYSE:HELI investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

According to the complaint the plaintiff alleges on behalf of purchasers who acquired CHC Group Ltd (NYSE:HELI) common stock pursuant and/or traceable to the IPO between January 16, 2014 and July 10, 2014, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that CHC Group Ltd allegedly 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.

On January 21, 2014, CHC Group Ltd conducted its Initial Public Offering ("IPO"), selling 31 million shares at $10 per share.

On July 10, 2014, CHC Group Ltd 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." Shares of CHC Group Ltd (NYSE:HELI) declined from $9.80 per share in late January 2014 to as low as $1.07 per share on April 27, 2015.

Those who purchased shares of CHC Group Ltd (NYSE:HELI) have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com