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 [email protected].
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 its clients.
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 law.
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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