17-Mar-2015 Source: Scott Scott
Scott+Scott, Attorneys at Law, LLP (“Scott+Scott”), a national shareholder and consumer rights litigation firm, announces the commencement of an investigation into CHC Group Ltd. (NYSE:HELI) (“CHC Group”) related to potential violations of federal securities laws. If you are a CHC Group shareholder, you are encouraged to contact Scott+Scott for additional information.
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 January 21, 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%.
What You Can Do
If you are a CHC Group shareholder and you wish to discuss this investigation, or have questions about this notice or your legal rights, please contact attorney Joseph V. Halloran at (800) 404-7770 or (646) 582-0121 or via email at email@example.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.