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Glancy Prongay & Murray LLP Reminds Investors of the Deadline in the Class Action Lawsuit Against Pretium Resources, Inc.

2018-10-23 17:18 ET - News Release


LOS ANGELES -- (Business Wire)

Glancy Prongay & Murray LLP (“GPM”) reminds investors of the November 6, 2018 deadline to file a lead plaintiff motion in the class action filed on behalf of investors that purchased Pretium Resources, Inc. (“Pretium” or the “Company”) (NYSE: PVG) securities between July 21, 2016 and September 6, 2018, inclusive (the “Class Period”). Pretium investors have until November 6, 2018 to file a lead plaintiff motion.

If you are a shareholder who suffered a loss, click here to participate.

On September 6, 2018, Viceroy Research published a report alleging, among other things, that the Company’s “reported grades and reserves are significantly inflated, a much greater amount of waste is being dumped into local lakes, and more explosives are being utilized.” The report further stated that “management is scrambling to find consistent, high-grade ore to maintain the charade that its debt and equity are viable.” On this news, Pretium’s share price fell $0.77 per share, or nearly 10%, to close at $6.94 on September 6, 2018, thereby injuring investors.

The complaint filed in this class action alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, Defendants failed to disclose to investors: (1) that the Brucejack Project is not a high-grade, high-output mine; and (2) that, as a result of the foregoing, Defendants’ positive statements about the Company’s business, operations, and prospects were materially false and/or misleading and/or lacked a reasonable basis.

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If you purchased shares of Pretium, you may move the Court no later than November 6, 2018 to ask the Court to appoint you as lead plaintiff. 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 shareholders@glancylaw.com, or visit our website at www.glancylaw.com. If you inquire by email please include your mailing address, telephone number and number of shares purchased.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

Contacts:

Glancy Prongay and Murray LLP, Los Angeles
Lesley Portnoy, 310-201-9150 or 888-773-9224
www.glancylaw.com
shareholders@glancylaw.com

Source: Glancy Prongay & Murray LLP

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