An investigation on behalf of current long term investors in Tahoe Resources Inc (NYSE:TAHO) shares over possible breaches of fiduciary duty by certain officers and directors was announced and NYSE:TAHO stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 06/19/2018 -- An investigation was announced for investors in shares of Tahoe Resources Inc (NYSE:TAHO) concerning potential breaches of fiduciary duties by certain directors and officers of Tahoe Resources Inc.
Investors who are current long term investors in Tahoe Resources Inc (NYSE:TAHO) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm for current long term investors in NYSE:TAHO stocks follows a lawsuit filed against Tahoe Resources Inc over alleged securities laws violations. The investigation on behalf of current long term investors in NYSE:TAHO stocks, concerns whether certain Tahoe Resources Inc directors are liable in connection with the allegations made in that lawsuit.
According to that complaint filed in the U.S. District Court for the Eastern District of New York the plaintiff alleges that the defendants made false and/or misleading statements and/or failed to disclose that consultation obligations relating to the permitting of the Escobal mining license were not met, that in turn, the Escobal mining license is subject to suspension, and that as a result, Tahoe's public statements were materially false and misleading at all relevant times
Reno, NV based Tahoe Resources Inc. is a mine operations, and mineral exploration and development company. On July 5, 2017, Tahoe Resources Inc reported that the Company had learned of the provisional decision by the Supreme Court of Guatemala to suspend the Escobal mining license of Tahoe subsidiary Minera San Rafael. The suspension applies while the court reviews an action brought by CALAS, an anti-mining organization, against Guatemala's Ministry of Energy and Mines ("MEM"). The action alleges that MEM violated the Xinca Indigenous people's right of consultation in advance of granting the Escobal license to Tahoe's subsidiary.
Those who purchased shares of Tahoe Resources Inc (NYSE:TAHO) have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com