SAN FRANCISCO--(BUSINESS WIRE)--The law firm of Lieff Cabraser Heimann & Bernstein, LLP announces that class action litigation has been filed on behalf of investors who purchased or otherwise acquired the securities of Tahoe Resources, Inc. (“Tahoe” or the “Company”) (NYSE: TAHO) between April 3, 2013 and July 5, 2017, inclusive (the “Class Period”).
If you purchased or otherwise acquired Tahoe securities during the Class Period, you may move the Court for appointment as lead plaintiff by no later than September 5, 2017. A lead plaintiff is a representative party who acts on behalf of other class members in directing the litigation. Your share of any recovery in the actions will not be affected by your decision of whether to seek appointment as lead plaintiff. You may retain Lieff Cabraser, or other attorneys, as your counsel in the actions.
Tahoe investors who wish to learn more about the litigation and how to seek appointment as lead plaintiff should click here or contact Sharon M. Lee of Lieff Cabraser toll-free at 1-800-541-7358.
Background on the Tahoe Securities Class Litigation
Tahoe, incorporated in British Columbia, Canada and headquartered in Reno, Nevada, explores, develops, and operates mines in the Americas. The Company holds interest in the Escobal silver mine property located in southeast Guatemala.
The action alleges that, throughout the Class Period, defendants made false and/or misleading statements and/or failed to disclose that the Ministry of Energy and Mines of Guatemala (“MEM”) had not met certain consulting obligations in advance of granting the Escobal mining license to Tahoe’s subsidiary, Minera San Rafael, and thus the Escobal mining license was subject to suspension.
On May 24, 2017, Tahoe revealed that the human rights organization Centro de Acción Legal Ambiental y Social de Guatemala (“CALAS”) had filed claim against MEM for allegedly violating the Xinca indigenous people’s right of consultation prior to granting the mining license.
On July 6, 2017, the Company announced that the Supreme Court of Guatemala had provisionally suspended Minera San Rafael’s Escobal mining license in connection with CALAS’s action against MEM. On this news, Tahoe’s share price fell $2.74 per share, or over 33%, from a previous closing price of $8.30 on July 5, 2017, to close at $5.56 per share on July 6, 2017, on highly elevated trading volume.
About Lieff Cabraser
Lieff Cabraser Heimann & Bernstein, LLP, with offices in San Francisco, New York, Nashville, and Seattle, is a nationally recognized law firm committed to advancing the rights of investors and promoting corporate responsibility.
The National Law Journal has recognized Lieff Cabraser as one of the nation’s top plaintiffs’ law firms for fourteen years. In compiling the list, the National Law Journal examines recent verdicts and settlements and looked for firms “representing the best qualities of the plaintiffs’ bar and that demonstrated unusual dedication and creativity.” Law360 has selected Lieff Cabraser as one of the Top 50 law firms nationwide for litigation, highlighting our firm’s “laser focus” and noting that our firm routinely finds itself “facing off against some of the largest and strongest defense law firms in the world.” In late 2016, Benchmark Litigation named Lieff Cabraser one of the “Top 10 Plaintiffs’ Firms in America.”
For more information about Lieff Cabraser and the firm’s representation of investors, please visit https://www.lieffcabraser.com.
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