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.
Follow us for updates on Twitter: twitter.com/GPM_LLP.
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.
View source version on businesswire.com: https://www.businesswire.com/news/home/20181023006176/en/
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
© 2024 Canjex Publishing Ltd. All rights reserved.