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 pkim@rosenlegal.com
or kchan@rosenlegal.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 pkim@rosenlegal.com
or kchan@rosenlegal.com.
Rosen Law Firm represents investors throughout the globe, concentrating
its practice in securities class actions and shareholder derivative
litigation.
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