An investigation on behalf of current long term investors in CHC Group Ltd (NYSE:HELI) shares over possible breaches of fiduciary duty by certain officers and directors was announced and NYSE:HELI stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 07/29/2015 -- An investigation for investors in NYSE:HELI shares was launched concerning potential breaches of fiduciary duties by certain directors and officers of CHC Group Ltd that caused damages to shareholders.
Shares of CHC Group Ltd (NYSE:HELI) declined from $9.80 per share in late January 2014 to as low as $0.37 per share on July 20, 2015.
Investors who are current long term investors in CHC Group Ltd (NYSE:HELI) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation or call +1(858) 779 - 1554.
The investigation by a law firm for current long term investors in NYSE:HELI stocks follows a lawsuit filed recently against CHC Group Ltd over alleged securities laws violations. The investigation on behalf of current long term investors in NYSE:HELI stocks, concerns whether certain CHC Group officers and directors are liable in connection with the allegations made in that lawsuit.
According to that complaint filed in the U.S. District Court for the Southern District of New York the plaintiff alleges 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."
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