NEW YORK--(BUSINESS WIRE)--The Rosen Law Firm, P.A. today announced that it has filed a class action lawsuit on behalf of investors of Pretium Resources, Inc. (NYSE: PVG) who purchased PVG common stock, call options or sold put options, during the period between January 9, 2012 and October 21, 2013, seeking to recover damages for violations of the federal securities laws.
To join the Pretium class action, visit the firm’s website at http://rosenlegal.com, or call Phillip Kim, Esq. or Kevin Chan, Esq. toll-free, at 866-767-3653; you may also email firstname.lastname@example.org or email@example.com for information on the class action. The lawsuit filed by the firm is pending in the U.S. District Court for the Southern District of New York.
NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU MAY CHOOSE TO DO NOTHING AT THIS POINT AND REMAIN AN ABSENT CLASS MEMBER.
The lawsuit asserts violations of the federal securities laws against Pretium, certain of its officers and directors, and Silver Standard Resources, Inc. (NASDAQ: SSRI) in connection with Pretium’s fraudulent statements about the probable mineral reserves at the Valley of Kings (“VOK”) zone. On October 22, 2013, the Pretium announced Strathcona Mineral Services Ltd., one of the companies dealing with Pretium bulk sample update, withdrew from the Program before any results from the processing of the bulk sample were available. In withdrawing from the Program, Strathcona advised Pretium that "…there are no valid gold mineral resources for the VOK Zone, and without mineral resources there can be no mineral reserves, and without mineral reserves there can be no basis for a Feasibility Study." They also advised that "…statements included in all recent press releases [by Pretium] about probable mineral reserves and future gold production [from the Valley of the Kings zone] over a 22-year mine life are erroneous and misleading." As a result of this adverse news, Pretium’s share price dropped, causing investors damages.
If you wish to serve as lead plaintiff, you must move the Court no later than December 24, 2013. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. If you wish to join the litigation, or to discuss your rights or interests regarding this class action, please contact Phillip Kim, Esq. of The Rosen Law Firm, toll-free, at 866-767-3653, or via e-mail at firstname.lastname@example.org. You may also visit the firm’s website at http://rosenlegal.com. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.