Erickson Air-Crane Inc (NASDAQ:EAC) Investor InvestigationConcerning Potential Securities Laws Violations Announced

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Company Name(s): 
Erickson Air-Crane
Affected Securities: 
NASDAQ: EAC

June 18, 2013 (Shareholders Foundation) - An investigation on behalf of investors of Erickson Air-Crane Inc (NASDAQ:EAC) shares over potential securities laws violations by Erickson Air-Crane 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 Erickson Air-Crane Inc (NASDAQ:EAC) concerning whether a series of statements by Erickson Air-Crane regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

Erickson Air-Crane Inc reported that its annual Total Revenue rose from $118.24 million in 2010 to $180.82 million in 2012 and that its Net Loss of $8.25 million in 2010 turned into a Net Income of $15.23 million in 2012.

Shares of Erickson Air-Crane Inc shares grew from $5.60 per share in August 2012 to $28.10 per share in May 2013.

On June 13, 2013, a report was published stating that ZM Funds, the controlling shareholder of Erickson Air-Crane Inc, allegedly orchestrated the recent purchase of Evergreen Helicopters, a struggling helicopter operator.

On June 17, 2013, NASDAQ:EAC shares closed at $19.82 per share.