Shareholders Foundation looking at Erickson Air-Crane too

Shareholders Foundation looking at Erickson Air-Crane too 2 Jul, 13, Source: Shareholders Foundation

An investigation on behalf of current long-term stockholders of shares of Erickson Air-Crane Inc (NASDAQ:EAC) was announced concerning whether certain Erickson Air-Crane officers and directors possibly breached their fiduciary duties in connection with certain statements.

Investors who are current long-term stockholder of shares of Erickson Air-Crane Inc (NASDAQ:EAC) have certain options and should contact the Shareholders Foundation at mail(at)shareholdersfoundation.com or call +1(858) 779 – 1554.

The investigation by a law firm concerns whether certain Erickson Air-Crane officers and directors breached their fiduciary duties and caused damage to the company and its shareholders by, among other things, failing to implement adequate internal controls.

Erickson Air-Crane Inc reported that its annual Total Revenue rose from $118.24 million in 2010 to $180.82 million in 2012 and that its Net Loss of $8.25 million in 2010 turned into a Net Income of $15.23 million in 2012. Shares of Erickson Air-Crane Inc shares grew from $5.60 per share in August 2012 to $28.10 per share in May 2013.

On June 13, 2013, a report was published stating that ZM Funds, the controlling shareholder of Erickson Air-Crane Inc, allegedly orchestrated the recent purchase of Evergreen Helicopters, a struggling helicopter operator.

On June 28, 2013, NASDAQ:EAC shares closed at $18.81 per share.

Those who purchased shares of Erickson Air-Crane Inc have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Trevor Allen
3111 Camino Del Rio North – Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
[email protected]

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