NEW YORK, May 23, 2015 /PRNewswire/ -- Faruqi & Faruqi,
LLP, a leading national securities law firm, is investigating
potential securities fraud at CHC Group Ltd. ("CHC Group" or the
"Company") (NYSE: HELI).
The investigation focuses on whether the Company and its
executives violated federal securities laws by failing to disclose
to shareholders that the Company had not been receiving payments
from a key client for many months.
On July 10, 2014, CHC Group's
executive officers revealed that Petrobras had not made payments on
contracts to CHC Group since April
2013 – approximately nine months prior to the Company's
IPO. On this news, shares of CHC Group's stock declined
$0.99 per share, or 11.5%, to close
on July 10, 2014 at $7.63 per share. The closing price of the
Company's common stock on July 10,
2014 represented a decline of more than 23% from the price
of the stock at the time of CHC Group's IPO less than six months
prior.
Request more information now by clicking here:
www.faruqilaw.com/HELI. There is no cost or obligation to
you.
Take Action
If you invested in CHC Group stock or
options between January 16, 2014 and
July 10, 2014 and would like to
discuss your legal rights, visit www.faruqilaw.com/HELI. You
can also contact us by calling Richard
Gonnello toll free at 877-247-4292 or at 212-983-9330 or by
sending an e-mail to rgonnello@faruqilaw.com. Faruqi &
Faruqi, LLP also encourages anyone with information regarding CHC
Group's conduct to contact the firm, including whistleblowers,
former employees, shareholders and others.
Attorney Advertising. The law firm responsible for this
advertisement is Faruqi & Faruqi, LLP
(www.faruqilaw.com). Prior results do not guarantee or
predict a similar outcome with respect to any future matter.
We welcome the opportunity to discuss your particular case.
All communications will be treated in a confidential manner.
FARUQI & FARUQI, LLP
369 Lexington Avenue, 10th Floor
New York, NY 10017
Attn: Richard Gonnello,
Esq.
rgonnello@faruqilaw.com
Telephone: (877) 247-4292 or (212) 983-9330
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