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NEW YORK, Aug. 16, 2020 /PRNewswire/ — Pomerantz LLP is investigating claims on behalf of investors of Lendlease Corporation Limited (“Lendlease” or the “Company”) (OTCMKTS: LLESY). Such investors are advised to contact Robert S. Willoughby at newaction@pomlaw.com or 888-476-6529, ext. 7980.
The investigation concerns whether Lendlease and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
[Click here for information about joining the class action]
On November 9, 2018, Lendlease 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.
On this news, Lendlease’s American depositary receipt (“ADR”) price fell $3.12 per ADR, or 24%, over the next full trading day, to close at $9.48 per ADR on November 12, 2018.
The Pomerantz Firm, with offices in New York, Chicago, Los Angeles, and Paris is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 80 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com.
CONTACT:
Robert S. Willoughby
Pomerantz LLP
rswilloughby@pomlaw.com
888-476-6529 ext. 7980
View original content:https://www.prnewswire.com/news-releases/shareholder-alert-pomerantz-law-firm-investigates-claims-on-behalf-of-investors-of-lendlease-corporation-limited—llesy-301112858.html
SOURCE Pomerantz LLP
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