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Thieler Law Corp, member of the Investor Attorney Network, is investigating whether certain officers and directors of SNC-Lavalin Group Inc (OTC: SNCAF) violated securities laws in connection with certain financial statements.
The investigation seeks to discover if possible claims on behalf of purchasers of the securities of SNC-Lavalin Group Inc (OTC: SNCAF) concerning whether a series of statements by SNC-Lavalin Group Inc regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
On January 28, 2019, the Company revealed that its earnings before interest and taxes for its Mining & Metallurgy Segment would be lower in 2018 than expected. SNC-Lavalin Group Inc attributed this to the underperformance of a certain project involving a contract awarded in 2016.
On this news, OTC: SNCAF dropped 28% to close at $26.37 per share on January 28, 2019.
Based in Montreal, Canada, and founded in 1911 SNC-Lavalin Group Inc provides consulting, design, engineering, construction, and operation and maintenance services worldwide.
If you purchased shares of SNC-Lavalin Group Inc (OTC: SNCAF) on or before January 28, 2019, you should contact Thieler Law Corp at mail@thielerlaw.com or call +1 (619) 377 - 4324.
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