San Diego, CA -- (SBWIRE) -- 05/04/2015 -- An investor, who purchased shares of CHC Group Ltd (NYSE:HELI), filed a lawsuit over alleged violations of Securities Laws by CHC Group Ltd, formerly known as FR Horizon Holding (Cayman) Inc, in connection with certain allegedly false and misleading statements in connection with CHC Group Ltd's January 2014 initial public offering.

Investors who purchased shares of CHC Group Ltd (NYSE:HELI) have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

According to the complaint the plaintiff alleges on behalf of purchasers of CHC Group Ltd (NYSE:HELI) common shares pursuant or traceable to CHC Group Ltd's January 2014 initial public offering and Registration Statement. More specifically, the plaintiff claims that CHC Group Ltd allegedly failed to tell potential investors that one of its largest customers stopped making payments to CHC Group Ltd months before it filed a prospectus for the company's January 2014 initial public offering ("IPO").

On January 21, 2014, CHC Group Ltd conducted its Initial Public Offering ("IPO"), selling 31 million shares at $10 per share.

On July 10, 2014, CHC Group Ltd announced that "starting in April of 2013, Petrobras stopped making payments on contracts to CHC Group and other operators of 225[] [helicopters] in Brazil until overwater flights with those aircraft resumed."

However, the plaintiff alleges that the offering materials for the IPO contained false and/or misleading statements and omissions of material fact and therefore misled investors. The plaintiff says that a crash of one of CHC Group Ltd's aircraft in October 2012 led to a grounding of certain models of medium- and heavy-weight helicopters and that one of CHC Group Ltd's biggest customers, Petroleo Brasileiro SA, or Petrobras, suspended its payments to CHC Group Ltd as a result of the grounding, but CHC Group Ltd made no mention of this in its prospectus.

The plaintiff says that, while the accident is mentioned in CHC Group Ltd's filing under the "Recent Developments" section and the filings conclude that "it is too early to determine the extent of the impact of the accident on our results of operations or financial condition based on information currently available, CHC Group Ltd allegedly knew by the time it was filing for its offering how significant the impact would be. The plaintiff says that it was not "too early" for CHC Group Ltd to estimate the impact of the accident, as payments from Petrobras ceased in April 2013, almost seven months before the Registration Statement was filed. The plaintiff claims that CHC Group Ltd's failure to disclose a significant loss of income meant the stock's initial pricing at $10 per share was inflated.

The lawsuit seeks to recover damages for certain investors in CHC Group Ltd (NYSE:HELI) shares.

Shares of CHC Group Ltd (NYSE:HELI) declined from $9.80 per share in late January 2014 to as low as $1.07 per share on April 27, 2015.

Those who purchased shares of CHC Group Ltd (NYSE:HELI) have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com