To join this class action, please complete the following Investor Certification.  [contact-form-7 id=”1027″ title=”Bristow Group, Inc. Investor Certification”]

Oklahoma City, OK (February 21, 2019) – On February 14, 2019, a securities class action lawsuit was filed in the United States District Court for the Southern District of Texas against Bristow Group, Inc. (NYSE: BRS).  The complaint alleges violations of federal securities laws, Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5, including allegations of issuing a series of material or false misrepresentations to the market which had the effect of artificially inflating the market price during the Class Period, which is February 8, 2018 through February 12, 2019.  The complaint filed in this class action alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, Defendants failed to disclose to investors: (1) that the Company lacked adequate monitoring processes related to non-financial covenants within its secured financing and lease agreements; (2) that, as a result, the Company could not reasonably assure compliance with certain non-financial covenants; (3) that, as a result, the Company was reasonably likely to breach certain agreements; (4) that, as a result, the Company had understated its short-term debt; (5) the required corrections would materially impact financial statements; (6) that there was a material weakness in the Company’s internal controls over financial reporting; and (7) that, as a result of the foregoing, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

On February 11, 2019, after the market closed, Bristow filed a Form 8-K with the U.S. Securities and Exchange Commission (“SEC”) disclosing that the Company “did not have adequate monitoring control processes in place related to non-financial covenants within certain of its secured financing and lease agreements.”  On this news, Bristow’s stock price fell $1.22 per share, or nearly 40%, to close at $1.84 per share on February 12, 2019.  Then, on February 12, 2019, Bristow filed a Form 8-K with the SEC announcing that: (i) Bristow had terminated its agreement to purchase Columbia Helicopters, Inc.; and (ii) Jonathan E. Baliff would retire as Bristow’s Chief Executive Officer and would resign from the Board of Directors, effective February 28, 2019.  On this news, Bristow’s stock price fell $0.64 per share, or nearly 35%, to close at $1.20 per share on February 13, 2019.

Plaintiff seeks to recover damages on behalf of all Bristow Group, Inc. shareholders who purchased common stock during the Class Period and are therefore a member of the Class as described above.  You may move the Court no later than Monday, April 15, 2019 to serve as a lead plaintiff for the entire Class.  However, in order to do so, you must meet certain legal requirements pursuant to the Private Securities Litigation Reform Act of 1995.

If you wish to discuss this action, obtain further information and participate in this or any other securities litigation, or should you have any questions or concerns regarding this notice or preservation of your rights, please contact:  Robin Hester at rkh@federmanlaw.com