LOS ANGELES--(BUSINESS WIRE)--Goldberg Law PC, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against Asanko Gold Inc. (“Asanko” or the “Company”) (NYSE MKT: AKG) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.
Investors who purchased the Company’s shares between October 24, 2014 and May 31, 2017 inclusive (the “Class Period”), are encouraged to contact the firm before July 31, 2017, the lead plaintiff motion deadline.
If you are a shareholder who suffered a loss during the Class Period, click here to participate.
We also encourage you to contact Michael Goldberg or Brian Schall, of Goldberg Law PC, 1999 Avenue of the Stars, Suite 1100, Los Angeles, CA 90067, at 800-977-7401, to discuss your rights free of charge. You can also reach us through the firm’s website at http://www.goldberglawpc.com/, or by email at firstname.lastname@example.org.
The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
The Complaint alleges that during the Class Period, Asanko made materially false and misleading statements, and/or failed to disclose material information, about its business and operations. On June 30, 2016, hedge fund K2 & Associates published a report asserting that Asanko’s gold resources “don’t add up” and appear to be over-inflated by a factor of two. On May 31, 2017, research firm Muddy Waters published a report asserting, among other things, that: Asanko made investments based on flawed geology in Nkran, its satellite pits, and Esaase that Muddy Waters believes “will never be recovered”; and that there are indicia that some of Asanko’s resources models have been “smeared,” which would cause estimates of their ore contents to be inflated. Following this news, Asanko’s stock price fell sharply, which caused investors harm.
Goldberg Law PC represents investors around the world, and specializes in securities class action lawsuits and shareholder rights litigation.
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