SNC-Lavalin Group Inc. (OTC: SNCAF) Investor Investigation Over Possible Violations Of Securities Laws

Investors who purchased shares of SNC-Lavalin Group Inc. (OTC: SNCAF), have certain options and should contact the Shareholders Foundation, Inc.

To have your information reviewed for options and to recieve notifications about this investigation, please use this form. You may also send an email to mail@shareholdersfoundation.com, or call us at (858) 779-1554.
Company Name(s): 
SNC-Lavalin Group
Affected Securities: 
OTC: SNCAF

An investigation on behalf of investors of SNC-Lavalin Group Inc. (OTC: SNCAF) shares over potential securities laws violations by SNC-Lavalin Group Inc. and certain of its directors and officers in connection with certain financial statements was announced.

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of SNC-Lavalin Group Inc. (OTC: SNCAF) concerning whether a series of statements by SNC-Lavalin Group Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

Canada based SNC-Lavalin Group Inc. provides consulting, design, engineering, construction, and operation and maintenance services worldwide. SNC-Lavalin Group Inc. reported that its annual Total Revenue rose from over $8.47 billion in 2016 to over $9.33 billion in 2017 and that its Net Income increased from $255.53 million in 2016 to $382.03 million in 2017.

On January 28, 2019, SNC-Lavalin announced that its earnings before interest and taxes in its Mining & Metallurgy Segment would be lower in 2018 than expected due to the underperformance of a project. The project involved a contract that was awarded in 2016. Shares of SNC-Lavalin Group Inc. (OTC: SNCAF) declined from $47.19 per share in June 2018 to as low as $25.12 per share on February 14, 2019.