Petroleum Helicopters, Inc. Receives Subpoena from U.S. Department of Justice Antitrust Division
June 15 2005 - 7:13PM
Business Wire
Petroleum Helicopters, Inc. ("PHI") (NASDAQ: PHEL) (NASDAQ: PHELK)
announced that it received a subpoena today, June 15, 2005, from
the United States Department of Justice relating to a grand jury
investigation of potential antitrust violations among providers of
helicopter transportation services in the Gulf of Mexico. PHI
believes that the subpoena was issued in connection with a broader
industry inquiry and that one or more other providers of helicopter
services have received similar subpoenas. PHI had no knowledge of
the investigation prior to receiving the subpoena. PHI intends to
cooperate fully with the investigation and to provide all
information requested by the subpoena. PHI provides helicopter
transportation and related services to customers in the oil and gas
industry and for air medical programs.
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