LOS ANGELES, July 28, 2017 (GLOBE NEWSWIRE) -- Lundin Law PC, a shareholder rights firm, announces a class action lawsuit against Tahoe Resources Inc. (“Tahoe” or the “Company”) (NYSE:TAHO) for possible violations of federal securities laws between March 12, 2015 and July 5, 2017 inclusive (the “Class Period”). Investors who purchased or otherwise acquired Tahoe shares during the Class Period should contact the firm prior to the September 5, 2017 lead plaintiff motion deadline.
To participate in this class action lawsuit, click here.
You can also call Brian Lundin, Esq., of Lundin Law PC, at 888-713-1033, or e-mail him at brian@lundinlawpc.com.
No class has been certified in the above action yet. Until a class is certified, you are not considered represented by an attorney. You may also choose to do nothing and be an absent class member.
According to the Complaint, throughout the Class Period, Tahoe 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 the Escobal mining license is subject to suspension; and that as a result, the Company’s public statements were materially false and misleading at all relevant times. On July 5, 2017, Tahoe revealed that the Supreme Court of Guatemala issued a provisional decision suspending the Escobal mining license of its subsidiary Minera San Rafael, in connection with an action brought by CALAS against Guatemala’s Ministry of Energy and Mines (“MEM”). CALAS alleges that MEM violated the Xinca Indigenous people’s right of consultation in advance of granting the Escobal mining license. Following this news, shares of Tahoe decreased in value materially, which caused investors harm according to the Complaint.
Lundin Law PC was established by Brian Lundin, Esq., a securities litigator based in Los Angeles dedicated to upholding the rights of shareholders.
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