LOS ANGELES, Aug. 19, 2020 (GLOBE NEWSWIRE) — The Portnoy Law Firm advises Lendlease Corporation Limited (“Lendlease” or the “Company”) (OTCMKTS: LLESY) investors that the firm has initiated an investigation into possible securities fraud, and may file a class action on behalf of investors. The investigation focuses on whether Lendlease and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
Investors are encouraged to contact attorney Lesley F. Portnoy, by phone 310-692-8883 or email: firstname.lastname@example.org, to discuss their legal rights, or click here to join the case via www.portnoylaw.com. The Portnoy Law Firm can provide a complimentary case evaluation and discuss investors’ options for pursuing claims to recover their losses.
Lendlease announced on November 9, 2018 that it required a previously unannounced provision of AU$350M due to significant underperformance in its engineering division relating to a number of projects.
Over the next full trading day, Lendlease’s American depositary receipt (“ADR”) price fell $3.12 per ADR, or 24%, on this news, to close at $9.48 per ADR on November 12, 2018.
Please visit our website to review more information and submit your transaction information.
The Portnoy Law Firm represents investors in pursuing claims arising from corporate wrongdoing. The Firm’s founding partner has recovered over $5.5 billion for aggrieved investors. Attorney advertising. Prior results do not guarantee similar outcomes.
Lesley F. Portnoy, Esq.
Admitted CA and NY Bar