LOS ANGELES--(BUSINESS WIRE)--Glancy Prongay & Murray LLP (“GPM”) announces that a class action lawsuit has been filed on behalf of investors who purchased or otherwise acquired Goldcorp Inc. (“Goldcorp” or the “Company”) (NYSE: GG) securities between March 31, 2014 and August 24, 2016, inclusive (the “Class Period”). Goldcorp investors have until October 24, 2016 to file a lead plaintiff motion.
Investors suffering losses on their Goldcorp investments are encouraged to contact Lesley Portnoy of GPM to discuss their legal rights in this class action at 310-201-9150 or by email to email@example.com.
The Complaint alleges that throughout the Class Period, defendants made materially false and/or misleading statements and/or failed to disclose that: (1) levels of the mineral selenium rose in one groundwater monitoring well near the Peñasquito Mine as early as October 2013; (2) 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; (3) in August 2016, Goldcorp told Mexican regulators that contaminated water had also been found in other areas near the Peñasquito Mine; and (4) consequently, the company's public statements were materially false and misleading at all relevant times.
Update: On October 3, 2016, the Company announced that a blockade of the Peñasquito Mine had shut down the mine’s operations, and on this news Goldcorp’s shares fell $1.37 per share, or 8.68%, on volume of over 15 million shares.
If you purchased shares of Goldcorp during the Class Period you may move the Court no later than October 24, 2016 to ask the Court to appoint you as lead plaintiff if you meet certain legal requirements. To be a member of the Class you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the Class. If you wish to learn more about this action, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Lesley Portnoy, Esquire, of GPM, 1925 Century Park East, Suite 2100, Los Angeles California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by email to firstname.lastname@example.org, or visit our website at http://glancylaw.com. If you inquire by email please include your mailing address, telephone number and number of shares purchased.
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