A settlement was reached with the defendants in the lawsuit filed on behalf of certain investors of Barrick Gold Corporation (NYSE:ABX) over alleged securities laws violations and a deadline to submit the settlement claim is upcoming on September 29, 2016 and NYSE:ABX investors should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 09/16/2016 -- The Shareholders Foundation announced that a deadline is coming up on September 29, 2016 in the settlement reached in the securities class action lawsuit filed on behalf of investors who purchased shares of Barrick Gold Corporation (NYSE:ABX) between May 7, 2009 and November 1, 2013.
Investors who purchased a significant amount of shares of Barrick Gold Corporation (NYSE:ABX) between May 7, 2009 and November 1, 2013, have certain options and should contact the Shareholders Foundation by email at firstname.lastname@example.org or call 858-779-1554.
The settlement proof of claim form or detailed settlement notice for the settlement in the Barrick Gold Corporation (NYSE:ABX) Investor Securities Class Action Lawsuit can be downloaded at: http://shareholdersfoundation.com/case/barrick-gold-corporation-nyse-abx-investor-securities-class-action-lawsuit-06052013
In order to submit a claim an investor has to submit the claim proof to the class action claim administrator in a timely manner. The deadline to submit the proof with the class administrator is September 29, 2016. The class action administrator for this case is Garden City Group.
The lawsuit was originally filed in the U.S. District Court for the Southern District of New York against Barrick Gold Corporation over alleged violations of Federal Securities Laws in connection with certain allegedly false and misleading statements made between May 7, 2009 and May 23, 2013. According to the complaint the plaintiff alleges on behalf of all purchasers of Barrick Gold Corporation (NYSE:ABX) common stock between May 7, 2009 and May 23, 2013, that Barrick Gold Corporation and certain of its officers and directors violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934. More specifically, the plaintiff alleges that between May 7, 2009 and May 23, 2013, Barrick Gold Corporation allegedly concealed from shareholders that the costs of bringing Pascua-Lama into production far exceeded any of Barrick Gold Corporation's various publicly presented estimates, that Pascua-Lama presented no reasonable expectation of coming into production within any of Barrick Gold Corporation's various publicly presented time horizons, that Pascua-Lama's environmental impact presented significantly greater risks to the Project and Barrick Gold Corporation than those disclosed by defendants; and that as a result, defendants had no reasonable basis for their statements regarding the cost, timing, and production estimates for the Project, or the reserves and earnings guidance for Barrick Gold Corporation.
Those who purchased shares of Barrick Gold Corporation have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
3111 Camino Del Rio North - Suite 423
92108 San Diego