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Investigation announced for Investors in Lendlease Group (OTC: LLES) over potential Wrongdoing

09-17-2020 09:16 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Shareholders Foundation

An investigation on behalf of investors in Lendlease Group (OTC: LLES) shares over potential wrongdoing at Lendlease Group.

An investigation on behalf of investors in Lendlease Group (OTC: LLES) shares over potential wrongdoing at Lendlease Group.

An investigation on behalf of investors in shares of Lendlease Group (OTC: LLES) was announced over potential breaches of fiduciary duties by certain officers and directors at Lendlease Group .

Investors who purchased shares of Lendlease Group (OTC: LLES) have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm concerns whether certain Lendlease Group directors breached their fiduciary duties and caused damage to the company and its shareholders.

Sydney based Lendlease Group provides property and infrastructure solutions in Australia, Asia, Europe, and the Americas. Lendlease Group reported that its Total Revenue rose from over 16.46 billion AUD for the 12 months period that ended on June 30, 2018, to 16.52 billion AUD for the 12 months peridot that ended on June 30, 2019, and that its Net Income over those respective tie periods declined from 792.8 million AUD to 467 million AUD.

On November 9, 2018, Lendlease Group announced that it required a previously unannounced provision of AU$350M due to significant underperformance in its engineering division relating to a number of projects.

Shares of Lendlease Group (OTC: LLES) declined from $15.66 per share in July 2018 to as loa s $5.29 per share in March 2020.

Those who purchased shares of Lendlease Group (OTC: LLES) have certain options and should contact the Shareholders Foundation.

Media Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

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