A lawsuit was filed on behalf of investors in Sibanye Gold Limited (NYSE: SBGL) shares over alleged securities laws violations.
San Diego, CA -- (SBWIRE) -- 07/18/2018 -- An investor, who purchased shares of Sibanye Gold Limited (NYSE: SBGL), filed a lawsuit over alleged violations of Federal Securities Laws by Sibanye Gold Limited.
Investors who purchased shares of Sibanye Gold Limited (NYSE: SBGL) have certain options and for certain investors are short and strict deadlines running. Deadline: August 27, 2018. NYSE: SBGL investors should contact the Shareholders Foundation at email@example.com or call +1(858) 779 - 1554.
On June 26, 2018, it was reported that "another worker was killed at [Sibanye's] Driefontein operation in South Africa, bringing the total deaths at the company's mines this year to 21." According to the article, Sibanye "accounts for nearly half of the 46 people reported killed at South African mines in 2018 and is already the subject of an investigation by the chief inspector of mines."
The plaintiff claims that between April 7, 2017 and June 26, 2018, the defendants made false and/or misleading statements and/or failed to disclose that Sibanye's culture places short-term profits over safety, that consequently, almost half of South Africa's 2018 mining fatalities occurred in Sibanye mines, and that as a result, defendants' statements about Sibanye's business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times.
Those who purchased shares of Sibanye Gold Limited (NYSE: SBGL) have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
3111 Camino Del Rio North - Suite 423
92108 San Diego