A settlement was reached in the lawsuit filed on behalf of certain investors of Liberty Silver Corporation (OTC: LBSV) over alleged securities laws violations and a deadline to submit the settlement claim is upcoming on June 23, 2015 and OTC: LBSV investors should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 04/15/2015 -- A deadline is coming up on June 23, 2015 in the settlement reached in the securities class action lawsuit filed on behalf of investors who purchased shares of Liberty Silver Corporation (OTC: LBSV) between February 10, 2010 and October 5, 2012.
Investors who purchased a significant amount of shares of Liberty Silver Corporation (OTC: LBSV) between February 10, 2010 and October 5, 2012 have certain options and should contact the Shareholders Foundation by email at email@example.com or call +1(858) 779 - 1554.
The settlement proof of claim form or detailed settlement notice for the settlement in the Liberty Silver Corporation (OTC: LBSV) Investor Securities Class Action Lawsuit can be downloaded at: http://shareholdersfoundation.com/case/liberty-silver-corporation-otc-lbsv-investor-securities-class-action-lawsuit-09112013
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 June 23, 2015. The class action administrator for this case is Heffler Claims Group.
The lawsuit was originally filed in the U.S. District Court for the Southern District of Florida against Liberty Silver Corporation over alleged violations of Federal Securities Laws in connection with certain allegedly false and misleading statements made between April 1, 2008 and October 5, 2012. According to the complaint the plaintiff alleges, on behalf of all persons or entities who purchased or otherwise acquired securities of Liberty Silver Corporation (OTC: LBSV) between April 1, 2008 through October 5, 2012, that the defendants violated the Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder, including allegations of issuing a series of false or material misrepresentations to the market, as well as effectuating a "pump and dump" scheme, all of which had the effect of artificially inflating the market price of Liberty Silver Corporation's common stock between April 1, 2008 through October 5, 2012.
On October 5, 2012, the United States Securities and Exchange Commission halted U.S. trading of Liberty Silver Corporation for a period of nearly two week. That same day, the Investment Industry Regulatory Organization of Canada issued a temporary halt to Canadian trading of Liberty Silver Corporation on the Toronto Stock Exchange.
Shares of Liberty Silver Corporation (OTC: LBSV) declined from $1.29 per share on October 26, 2012 to $0.397 per share on November 30, 2012 and continued to decline to as low as $0.0305 per share on September 17, 2013.
Those who purchased shares of Liberty Silver Corporation (OTC: LBSV) have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
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