SOURCE: Levi & Korsinsky, LLP

Levi & Korsinsky, LLP

August 13, 2015 11:01 ET

SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Shareholders of Helix Energy Solutions Group, Inc. of Pendency of Class Action Lawsuit and a Lead Plaintiff Deadline of September 29, 2015 -- HLX

NEW YORK, NY--(Marketwired - Aug 13, 2015) -  The following statement is being issued by Levi & Korsinsky, LLP:

To: All persons or entities who purchased or otherwise acquired securities of Helix Energy Solutions Group, Inc. ("Helix") (NYSE: HLX) between October 21, 2014 and July 21, 2015

You are hereby notified that a securities class action lawsuit has been commenced in the USDC for the Southern District of Texas. If you purchased or otherwise acquired Helix securities between October 21, 2014 and July 21, 2015, inclusive, your rights may be affected by this action. To get more information go to:

http://zlk.9nl.com/helix-energy-hlx

or contact Joseph E. Levi, Esq. either via email at jlevi@zlk.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972. There is no cost or obligation to you.

According to the complaint, throughout the Class Period 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 drydock for approximately "45 days and the H534 for about 30 days." Then on July 20, 2015, the Company announced disappointing financial results for the second quarter of 2015. In the Company's Form 10-Q filed two days later, Helix disclosed 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. Upon this news, shares of Helix stock fell almost 17% to close at $9.40 per share on July 21, 2015.

If you suffered a loss in Helix you have until September 29, 2015 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.

Levi & Korsinsky is a national firm with offices in New York, New Jersey, Connecticut and Washington D.C. The firm's attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. Attorney advertising. Prior results do not guarantee similar outcomes.

Contact Information

  • CONTACT:
    Levi & Korsinsky, LLP
    30 Broad Street - 24th Floor
    New York, NY 10004
    Tel: (212) 363-7500
    Toll Free: (877) 363-5972
    Fax: (212) 363-7171
    www.zlk.com