Goldcorp investors may receive additional information about the case by clicking the link "Join this Class Action" above.
According to the complaint, Goldcorp engages in the acquisition, exploration, development, and operation of precious metal properties in Canada, the United States, Mexico, and Central and South America. The company primarily explores for gold, silver, lead, zinc, and copper.
The complaint alleges that the defendants made false and/or misleading statements during the Class Period and/or failed to disclose that: (1) levels of the mineral selenium rose in one groundwater monitoring well near the Peñasquito Mine as early as October 2013; (2) in October 2014, Goldcorp reported a rise in selenium levels in groundwater to the Mexican government after the contamination near the Peñasquito Mine waste facility intensified; (3) in August 2016, Goldcorp told Mexican regulators that contaminated water had also been found in other areas near the Peñasquito Mine; and (4) as a result, Goldcorp’s public statements were materially false and misleading at all relevant times.
The Class Period commences on March 31, 2014, during aftermarket hours, when the company filed a Form 40-F for the fiscal year ended December 31, 2013.
According to the complaint, on August 24, 2016, Reuters published an article entitled “Exclusive: Goldcorp struggles with leak at Mexican mine”, stating that Mexican regulators were examining whether Goldcorp broke any regulations in its handling of a long-running leak of contaminated water at the Peñasquito Mine.
Following this news, shares of Goldcorp fell $1.64 per share or approximately 9% from its previous closing price to close at $16.05 per share on August 24, 2016, damaging investors.
If you are a member of the class described above, you may no later than October 24, 2016 move the Court to serve as lead plaintiff of the class, if you so choose.
A lead plaintiff is a representative party that acts on behalf of other class members in directing the litigation. In order to be appointed lead plaintiff, the Court must determine that the class member’s claim is typical of the claims of other class members, and that the class member will adequately represent the class. Your ability to share in any recovery is not, however, affected by the decision whether or not to serve as a lead plaintiff. Any member of the purported class may move the court to serve as a lead plaintiff through counsel of their choice, or may choose to do nothing and remain an inactive class member.
Kessler Topaz Meltzer & Check, LLP has not filed a complaint in this matter. If you wish to discuss this action or have any questions concerning this notice or your rights or interests with respect to these matters, please contact Kessler Topaz Meltzer & Check, LLP toll free at 1-888-299-7706 or 1-610-667-7706, or via e-mail at info@ktmc.com.
CONTACT:
Kessler Topaz Meltzer & Check, LLP
James Maro, Esq. or Adrienne Bell, Esq.
280 King of Prussia Road
Radnor, PA 19087 1-888-299-7706 (toll free) or 1-610-667-7706
Or by e-mail at info@ktmc.com