An investor in NYSE:GG shares filed a lawsuit over alleged violations of Federal Securities Laws by Goldcorp Inc. in connection with certain allegedly false and misleading statements.
Investors who purchased shares of Goldcorp Inc. (USA) (NYSE:GG) have certain options and for certain investors are short and strict deadlines running. Deadline: October 24, 2016. NYSE:GG investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 – 1554.
The plaintiff alleges on behalf of purchasers of Goldcorp Inc. (USA) (NYSE:GG) common shares between March 31, 2014 through August 24, 2016, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between March 31, 2014 through August 24, 2016 the defendants made allegedly false and/or misleading statements and/or failed to disclose that levels of the mineral selenium rose in one groundwater monitoring well near the Peñasquito Mine as early as October 2013, that 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, that in August 2016, Goldcorp told Mexican regulators that contaminated water had also been found in other areas near the Peñasquito Mine, and that as a result, Goldcorp’s public statements were materially false and misleading at all relevant times.. When the true details entered the market, the lawsuit claims that investors suffered damages.
On August 24, 2016, an article was published stating, among other things, that as early as October 2013, Goldcorp Inc.’s Penasquito mine experienced a leak of selenium into the groundwater well near the mine.
The article stated that in October 2014, Goldcorp Inc. reported a rise in selenium levels in groundwater to the Mexican government, after the contamination near its mine waste facility intensified.
The article further stated that two weeks ago, Goldcorp Inc. told Mexican regulators that contaminated water had also been found in other areas of its property. According to Reuters, the leak has not been disclosed to the public until today.
Shares of Goldcorp Inc. (USA) (NYSE:GG) declined from $18.07 per share on August 23, 106 to as low as $15.76 per share on August 24, 2016.
Those who purchased NYSE:GG 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