Investors’ Securities Act Claims Time-Barred, Federal Judge Rules

(November 18, 2016, 12:38 PM EST) -- NEW YORK — Dismissal of federal claims in a securities class action lawsuit against a commercial helicopter operator, certain of its current and former officers and directors and underwriters of the company’s initial public offering (IPO) is proper because the shareholders’ claims were time-barred and because the shareholders failed to state a claim for relief, a federal judge in New York ruled Nov. 7 (Errol Rudman, et al. v. CHC Group Ltd, et al., No. 15-3773, S.D. N.Y.)....