Company Website:
http://www.powerstaylor.com
DALLAS -- (Business Wire)
Former United States Securities and Exchange Commission attorney Willie
Briscoe, founder of The
Briscoe Law Firm, PLLC, and the securities litigation firm of Powers
Taylor LLP announce that a federal class action lawsuit has been
filed in the United States District Court for the Southern District of
Texas against Helix Energy Solutions Group, Inc. (“Helix”) (NYSE: HLX)
and several officers and directors for acts taken during the period of
October 21, 2014 to July 21, 2015 (the “Class Period”).
Based upon the allegations in the class action, the firms are
investigating additional legal claims against the officers and Board of
Directors of Helix. If you are an affected Helix shareholder and want to
learn more about the lawsuit or join the action, contact Willie Briscoe
at The Briscoe Law Firm, PLLC via email at shareholders@thebriscoelawfirm.com,
Patrick Powers at Powers Taylor LLP via email at shareholder@powerstaylor.com,
or call toll free at (877) 728-9607. There is no cost or fee to you.
According to the complaint, the defendants are alleged to have violated
certain provisions of the Securities Exchange Act of 1934. Specifically,
the complaint alleges, among other things, that defendants issued
statements suggesting that its Q4000 vessel would be out of drydock for
approximately 46 days and the H534 for about 30 days. On July 20, 2015,
Helix disclosed 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. Helix stock dropped significantly immediately following this
announcement.
The
Briscoe Law Firm, PLLC is a full service business litigation,
commercial transaction, and public advocacy firm with more than 20 years
of experience in complex litigation and transactional matters.
Powers
Taylor LLP is a boutique litigation law firm that handles a variety
of complex business litigation matters, including claims of investor and
stockholder fraud, shareholder oppression, shareholder derivative suits,
and security class actions.
View source version on businesswire.com: http://www.businesswire.com/news/home/20150804006426/en/
Contacts:
The Briscoe Law Firm, PLLC
Willie Briscoe, 877-728-9607
shareholders@thebriscoelawfirm.com
or
Powers
Taylor LLP
Patrick Powers, 877-728-9607
shareholder@powerstaylor.com
Source: Powers Taylor LLP
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