NEW YORK, Nov. 23, 2013 /PRNewswire/ -- Faruqi &
Faruqi, LLP, a leading national securities law firm, reminds
investors in Pretium Resources, Inc. ("Pretium" or the "Company")
(NYSE: PVG) of the December 24, 2013
deadline to seek the role of lead plaintiff in a federal securities
class action lawsuit filed against Pretium and certain
executives.
(Logo:
http://photos.prnewswire.com/prnh/20120119/MM38856LOGO)
Several complaints have been filed on behalf of all persons who
purchased Pretium securities between January
19, 2011 and October 21, 2013,
inclusive (the "Class Period") in the Southern District of
New York.
The complaints allege that the Company and its executives
violated federal securities laws with respect to its disclosures
concerning its business, operations, and prospects.
Specifically, the actions allege that throughout the Class
Period Pretium, a company focused on the acquisition, exploration,
and development of precious metal resource properties, and its
executives made a series of false and misleading statements
concerning whether the resource and reserves estimates provided by
one of the Company's advisors, Snowden Mining Industry Consultants
("Snowden"), were made in accordance with applicable mining
standards and whether the methodology and evidence used by Snowden
to estimate gold resources and reserves were reliable.
On October 8, 2013, Pretium
announced that its contractor, Strathcona Mineral Services Ltd.
("Strathcona"), hired to evaluate an ore sample at the Brucejack
Project had resigned. On this news, the Company's stock declined
$2.07 per share, or over 30%, to
close at $4.70 per share on
October 9, 2013 on unusually heavy
volume.
Then, on October 22, 2013, Pretium
revealed that Strathcona resigned after informing Pretium, among
other things, that there were no valid gold resources in
Brucejack's Valley. Following this news, the Company's stock
declined $1.27 per share, or over
27%, to close at $3.36 per share on
October 22, 2013 on unusually heavy
volume.
Request more information now by clicking here:
www.faruqilaw.com/PVG. There is no cost or obligation to
you.
Take Action
If you invested in Pretium stock or options between January 19, 2011 and October 21, 2013 and would like to discuss your
legal rights, visit www.faruqilaw.com/PVG. You can also
contact us by calling Richard
Gonnello or Francis
McConville toll free at 877-247-4292 or at 212-983-9330 or
by sending an e-mail to rgonnello@faruqilaw.com or
fmcconville@faruqilaw.com. Faruqi & Faruqi, LLP also encourages
anyone with information regarding Pretium's conduct to contact the
firm, including whistleblowers, former employees, shareholders and
others.
Faruqi & Faruqi, LLP is a national law firm which represents
investors and individuals in class action litigation. The
firm is focused on providing exemplary legal services in complex
litigation in the areas of securities, shareholder, antitrust and
consumer litigation, throughout all phases of litigation. The
firm has an experienced trial team which has achieved significant
victories on behalf of the firm's clients. To keep track of the
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We welcome the opportunity to discuss your particular case.
All communications will be treated in a confidential manner.
FARUQI & FARUQI, LLP
369 Lexington Avenue, 10th Floor
New York, NY 10017
Attn: Richard Gonnello,
Esq.
rgonnello@faruqilaw.com
Francis McConville, Esq.
fmcconville@faruqilaw.com
Telephone: (877) 247-4292 or (212) 983-9330
SOURCE Faruqi & Faruqi, LLP