Rotorcraft
Shareholder Suit Lodged Against Bristow
Suit charges Bristow executives with making "materially false" statements about the company's finances.

A class-action lawsuit on behalf of shareholders who have suffered substantial losses was filed yesterday against Bristow Group in U.S. District Court for the Southern District of Texas, Houston Division. The civil suit charges Bristow CEO Jonathan Baliff and CFO L. Don Miller with multiple violations of U.S. securities rules beginning on Feb. 8, 2018, and running through Feb. 11, 2019, the date the company disclosed “material weakness” in its internal controls over financial reporting. That disclosure triggered a sell-off in Bristow stock.  


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