The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of SNC-Lavalin Group Inc. (SNC-Lavalin or the Company) (OTC: SNCAF) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.
The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. SNC-Lavalin announced on January 28, 2019, that the earnings before interest and taxes from the Companys Mining & Metallurgy Segment would fail to meet expectations due to the poor performance of a particular project, which was awarded in 2016. Based on this news, shares of SNC-Lavalin fell 28% on the same day.
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The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
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