Bristow Group Inc (VTOL)

[tedkov]

Bristow Group Shareholders Seek To Recover Their Losses - (via Business Journal)
February 12, 2019
Tags: NewsPoints Bristow Group United States Corporate Affairs

A group of Bristow Group Inc. shareholders are seeking to recover their losses as a result of financial accounting irregularities by the Company.

The Company has stated that it has breached its non-financial covenants with certain of its secured financing and lease agreements. Indeed, the Company is specifically evaluating whether certain debt balances should be reclassified from long-term to short-term in its 2018 financial statements, whether related waivers can be obtained from lenders, if necessary, and the resulting impact on the assessment of the Company’s ability to continue as a going concern.
Following this announcement, the Company’s stock has declined 35% from its close on February 11, 2019.

Bristow Group shareholders who purchased the Company’s stock during the period February 8, 2018 through February 11, 2019, and who suffered losses on their purchases are seeking to recover their losses as a result of the material financial misstatements made by the Company.
Bristow Group did not immediately respond to requests for a comment.
To contact the law firm on behalf of shareholders of
Bristow Group for more information as to how you recover your losses at no cost or expense can call toll free 800.511.7037 or email at [e-mail]