Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses In Excess Of $100,000 Investing In Helix Energy Solutions Group, Inc. To Contact The Firm - HLX
Faruqi & Faruqi, LLP, a leading national securities law firm, reminds investors in Helix Energy Solutions Group, Inc. (“Helix” or the “Company”) (NYSE: HLX) of the September 29, 2015 deadline to seek the role of lead plaintiff in a federal securities class action lawsuit filed against Helix and the President and Chief Executive Officer of the Company.
The lawsuit has been filed in the United States District Court for the Southern District of Texas on behalf of all persons who purchased Helix common stock between October 21, 2014 and July 21, 2015 (the “Class Period”).
The complaint focuses on whether the Company and its executives violated federal securities laws by misrepresenting and/or failing to disclose the time that two of its main well intervention vessels would be idle during 2015, specifically that: (i) during the second quarter of 2015, one vessel, the Q4000, was in regulatory dry-dock for a month longer than Helix previously disclosed and (ii) the other vessel, the H534, was unused for almost half the quarter and still has not been put in regulatory dry-dock.
On July 20, 2015, the Company announced that its well intervention business had been negatively impacted in the second quarter of 2015 because of a longer than planned Q4000 regulatory dry-dock and customer delays on the H534.
Following this news, the share price fell $1.90 to close at $9.40, a 16.8% drop, on July 21, 2015.
If you invested in Helix common stock, bonds or options during the Class Period and would like to discuss your legal rights, you can contact us by calling Richard Gonnello toll free at 877-247-4292 or at 212-983-9330 or by sending an e-mail to firstname.lastname@example.org. Faruqi & Faruqi, LLP also encourages anyone with information regarding the Company’s conduct to contact the firm, including whistleblowers, former employees, shareholders and others.
Richard W. Gonnello
Faruqi & Faruqi, LLP
685 Third Avenue 26th Floor
New York, NY 10017
Tel: (212) 983-9330
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