Thieler Law Corp advises investors with losses exceeding $100,000 of the July 17, 2015 lead plaintiff deadline in a class action lawsuit filed against CHC Group Ltd (NYSE: HELI) (“CHC” or “the Company”). The suit is pending in the U.S. District Court for the Southern District of New York and investors, who purchased CHC securities between January 16, 2014 and July 10, 2014, have until July 17, 2015 to move for lead plaintiff. You do not need to move for lead plaintiff to be a member of the Class.

If you purchased CHC securities during the Class Period, and have losses over $100,000, you may contact Thieler Law Corp by calling at (619) 866-6157 or emailing mail@thielerlaw.com.  No class has been certified in this case, and if your losses are less than $100,000 you are still a member of the class.

The complaint alleges that during the Class Period defendants made false and misleading statements and/or allegedly failed to disclose that in connection with its initial public offering on January 16, 2014 that one of its largest clients, Petroleo Brasileiro S.A. (“Petrobras”), had stopped making payments on its contracts with CHC since April 2013. Then truth was revealed on or around July 10, 2014, when CHC reported that the Company did not expect to recover revenues relating to the Petrobras contract, that guidance for future quarters would not reflect any recovery, and that CHC’s revenues for fiscal 2014 would come in at the bottom of the company’s guidance ranges. On July 10, 2014, CHC shares dropped $0.99 per share, or nearly 12%, to close on July 10, 2014 at $7.63 per share, a total decline of over 23% below CHC’s initial public offering price.

If you were negatively impacted by your investment in CHC securities between January 16, 2014 and July 10, 2014 and would like to learn more about this lawsuit and your ability to participate as a lead plaintiff, please contact us for your no-cost evaluation.

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