NEW YORK--(BUSINESS WIRE)--Rosen Law Firm, a global investor rights firm, announces that a class action lawsuit has been filed on behalf of all purchasers of Helix Energy Solutions Group, Inc. (NYSE:HLX) securities from October 21, 2014 through July 21, 2015. The lawsuit seeks to recover investors’ losses under the federal securities laws.
To join the Helix Energy Solutions Group, Inc. class action, visit the firm’s website at http://www.rosenlegal.com/cases-691.html, or contact Phillip Kim, Esq. or Kevin Chan, Esq. toll-free at 866-767-3653 or via email at firstname.lastname@example.org or email@example.com for information on the class action.
NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU MAY CHOOSE TO DO NOTHING AT THIS POINT AND REMAIN AN ABSENT CLASS MEMBER.
According to the lawsuit, Defendants issued materially false and misleading statements and/or failed to disclose material information. During an October 21, 2014 earnings call CEO Owen Kratz stated that the Q4000 vessel would be out of dry dock for approximately “45 days and the H534 for about 30 days.” Then on July 20, 2015, Helix Energy Solutions Group, Inc. announced disappointing financial results for the second quarter of 2015. Two days later Helix Energy Solutions Group, Inc. filed its Form 10-Q which revealed that the Q4000 was in dry dock for 75 of the 91 days in the second quarter, and that the H534 was utilized for 50 days of that quarter. Consequently, shares of Helix Energy Solutions Group Inc. decreased almost 17% to close at $9.40 per share on July 21, 2015.
If you wish to serve as lead plaintiff, you must move the Court no later than September 29, 2015. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. If you wish to join the litigation go to the firm’s website at http://www.rosenlegal.com/cases-691.html or to discuss your rights or interests regarding this class action, please contact Phillip Kim, Esq. or Kevin Chan, Esq. of Rosen Law Firm toll-free at 866-767-3653 or via e-mail at firstname.lastname@example.org or email@example.com.
Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.