NEW YORK, Aug. 15, 2020 (GLOBE NEWSWIRE) — Rosen Law Firm, a global investor rights law firm, continues investigating potential securities claims on behalf of shareholders of Lendlease Corporation Limited (OTC: LLESY) resulting from allegations that Lendlease may have issued materially misleading business information to the investing public.
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 over 24%, over the next full trading day, to close at $9.48 per ADR on November 12, 2018.
Rosen Law Firm is preparing a securities lawsuit on behalf of Lendlease shareholders. If you purchased securities of Lendlease please visit the firm’s website at http://www.rosenlegal.com/cases-register-1918.html to join the securities action. You may also contact Phillip Kim of Rosen Law Firm toll free at 866-767-3653 or via email at [email protected] or [email protected].
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Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 3 each year since 2013. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm’s attorneys are ranked and recognized by numerous independent and respected sources. Rosen Law Firm has secured hundreds of millions of dollars for investors.
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Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
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