An investor in NYSE:PPP shares filed a lawsuit in the U.S. District Court for the Central District of California over alleged Securities Laws violations by Primero Mining Corp in connection with certain allegedly false and misleading statements.
Investors who purchased shares of Primero Mining Corp (NYSE:PPP) have certain options and for certain investors are short and strict deadlines running. Deadline: April 15, 2016. NYSE:PPP investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 – 1554.
The plaintiff alleges on behalf of purchasers of Primero Mining Corp (NYSE:PPP) common shares between October 5, 2012 and February 3, 2016, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between October 5, 2012 and February 3, 2016 Defendants issued allegedly false and misleading statements to investors and/or failed to disclose material facts about tax compliance at Primero’s Mexican subsidiary, Primero Empresa Minera, S.A. de C.V.
On February 4, 2016 Primero Mining Corp (NYSE:PPP) announced that its Mexican subsidiary, Primero Empresa Minera, S.A. de C.V. (“PEM”), has received a legal claim from the Mexican tax authorities, Servicio de Administración Tributaria (“SAT”), seeking to nullify the Advance Pricing Agreement (“APA”) issued by SAT in 2012. Primero Mining Corp said the APA confirmed the Company’s basis for paying taxes on realized silver prices for the years 2010 to 2014 and represented SAT’s agreement to accept that basis for those years. Shares of Primero Mining Corp (NYSE:PPP) declined on February 18, 2016, to as low as $1.41 per share.
Those who purchased NYSE:PPP shares 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
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