The Klein Law Firm Announces a Class Action Filed on Behalf of Barrick Gold Corp. Shareholders & a Lead Plaintiff Deadline of...
June 06 2017 - 11:53AM
Business Wire
The Klein Law Firm announces that a class action complaint has
been filed on behalf of shareholders of Barrick Gold Corporation
(NYSE: ABX) who purchased shares between February 16, 2017 and April
24, 2017. The action, which was filed in the United States
District Court for the Southern District of New York, alleges that
the Company violated federal securities laws.
In particular, the complaint alleges that throughout the Class
Period, defendants made materially false and/or misleading
statements and/or failed to disclose that (1) the pipes and safety
systems at the Veladero mine were not robust enough to prevent
gold-bearing solution spills; (2) as a result, Argentinian
authorities would restrict the addition of cyanide to the Veladero
mine’s heap leach facility and require remedial work; (3) these
developments would impact (and were impacting) the production
capacity of the Veladero mine; (4) as such, the Company’s Veladero
mine production guidance and total gold production guidance were
overstated; and (5) as a result of the foregoing, Defendants’
statements about Barrick’s business, operations, and prospects,
were false and misleading and/or lacked a reasonable basis.
Shareholders have until July 10, 2017 to petition the
court for lead plaintiff status. Your ability to share in any
recovery does not require that you serve as lead plaintiff. You may
choose to be an absent class member.
If you suffered a loss during the class period and wish to
obtain additional information, please contact Joseph Klein, Esq. by
telephone at 212-616-4899 or visit
http://www.kleinstocklaw.com/pslra-sa/barrick-gold-corporation?wire=2.
Joseph Klein, Esq. is an experienced attorney and has also
practiced as a Certified Public Accountant. Mr. Klein represents
investors and participates in securities litigations involving
financial fraud throughout the nation. Attorney advertising. Prior
results do not guarantee similar outcomes.
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version on businesswire.com: http://www.businesswire.com/news/home/20170606006284/en/
The Klein Law FirmJoseph Klein, Esq., 212-616-4899Fax:
347-558-9665www.kleinstocklaw.com
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