TORONTO, Sept. 6, 2014 /CNW/ - On September 5, 2014, Koskie Minsky LLP,
Sutts, Strosberg LLP, Siskinds LLP and Groia & Company Professional
Corporation, counsel in the Barrick Gold Corporation (TSX: ABX)
securities class action, served a Fresh as Amended Statement of Claim
in a $3 billion class action against Barrick Gold Corporation and
others. The claim alleges wrongdoing against Barrick Gold Corporation
and its senior officers Aaron Regent, Jamie Sokalsky, Ammar Al-Joundi
and Peter Kinver.
The detailed claim alleges there were misrepresentations in Barrick's
public disclosure relating to Barrick's development of the Pascua-Lama
mine located on the border between Chile and Argentina.
In particular, Barrick failed to disclose that certain key development
activities at the Pascua-Lama mine were not in compliance with certain
environmental conditions imposed by the Chilean government on Barrick's
approval to develop the Pascua-Lama Project. The purpose of these
conditions was to ensure that the development and, later, the mining of
the Pascua-Lama Project would have the least possible adverse impact on
the community and the environment.
"The action raises serious questions about how Barrick Gold conducted
its business and affairs and the manner in which it raised capital from
public markets" explains Kirk Baert of Koskie Minsky LLP.
If you acquired Barrick Gold Corporation securities during the period
from October 29, 2010 to November 1, 2013, please contact Koskie Minsky
LLP at 1-888-723-4305 or email at firstname.lastname@example.org.
Koskie Minsky LLP, based in Toronto, is one of Canada's foremost class
action, labour, employment and litigation firms. Its class actions
group has been a national leader in class actions and has prosecuted
many of the leading cases in the area.
Sutts, Strosberg LLP is one of the preeminent class action law firms in
Canada. It has been involved in many of the most important class action
decisions in the country and has recovered more than $1.5 billion for
Siskinds LLP is a leader in securities class actions. It has
successfully resolved numerous securities class actions, and is lead
counsel or co-lead counsel in eleven of the twelve class actions filed
under Ontario's new investor protection legislation, Part XXIII.1 of
the Ontario Securities Act. Part XXIII.1 came into effect on December 31, 2005, and was designed
to enhance the remedies that are available to investors under Ontario
Groia & Company Professional Corporation is one of Canada's leading
securities litigation boutiques, having worked on almost every major
Canadian securities case: Asbestos, Bre-X, Cinar, Hollinger Inc.,
Philip Services, Proprietary Industries Inc., TD Waterhouse, Thomson
Kernaghan, UBS, YBM, and Yorkton Securities.
SOURCE: Koskie Minsky LLP
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