Investigation Overview
February 16, 2016 (Shareholders Foundation) - An investigation on behalf of investors of Bristow Group Inc (NYSE:BRS) shares over potential securities laws violations by Bristow Group Inc and certain of its directors and officers in connection certain financial statements was announced.
The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Bristow Group Inc (NYSE:BRS) concerning whether a series of statements by Bristow Group Inc (NYSE:BRS regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
Bristow Group Inc reported that its Total Revenue rose from over $1.66 billion for the 12 months period that ended on March 31, 2014 to over $1.85 billion for the 12 months period that ended on March 31, 2015 while its Net Income for those respective time periods declined from $186.74 million to $84.30 million.
Shares of Bristow Group Inc (NYSE:BRS) declined from $83.81 per share in November 2013 to as low as $111.04 per share on February 11, 2016.