An investigation for investors in Lendlease Group (OTC: LLES) shares over potential securities laws violations by Lendlease Group was announced.
San Diego, CA -- (SBWIRE) -- 08/25/2020 -- An investigation on behalf of investors of Lendlease Group (OTC: LLES) shares over potential securities laws violations by Lendlease Group was announced.
Investors who purchased shares of Lendlease Group (OTC: LLES), have certain options and should contact the Shareholders Foundation at firstname.lastname@example.org or call +1(858) 779 - 1554.
The investigation by a law firm focuses on whether a series of statements by Lendlease Group regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
Sydney based Lendlease Group provides property and infrastructure solutions in Australia, Asia, Europe, and the Americas. Lendlease Group reported that its Total Revenue rose from over 16.46 billion AUD for the 12 months period that ended on June 30, 2018, to 16.52 billion AUD for the 12 months peridot that ended on June 30, 2019, and that its Net Income over those respective tie periods declined from 792.8 million AUD to 467 million AUD.
On November 9, 2018, Lendlease Group announced that it required a previously unannounced provision of AU$350M due to significant underperformance in its engineering division relating to a number of projects.
Shares of Lendlease Group (OTC: LLES) declined from $15.66 per share in July 2018 to as low as $5.29 per share in March 2020.
Those who purchased shares of Lendlease Group (OTC: LLES) have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
3111 Camino Del Rio North - Suite 423
92108 San Diego
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.