NEW YORK, Sept. 13, 2016 (GLOBE NEWSWIRE) — Faruqi & Faruqi, LLP, a leading national securities law firm, reminds investors in Goldcorp Inc. (“Goldcorp” or the “Company”) (NYSE:GG) of the October 24, 2016 deadline to seek the role of lead plaintiff in a federal securities class action lawsuit filed against the Company and certain officers.
The lawsuit has been filed in the U.S. District Court for the Central District of California on behalf of all those who purchased Goldcorp stock or options between March 31, 2014 and August 24, 2016 (the “Class Period”). The case, Robert Cowan v. Goldcorp, Inc. et al, No. 2:16-cv-06391 was filed on August 25, 2016, and has been assigned to Judge Fernando M. Olguin.
The lawsuit focuses on whether the Company and its executives violated federal securities laws by failing to disclose the severity of selenium levels in groundwater around its Peñasquito Mine in Mexico.
Specifically, on August 24, 2016, Reuters reported that Mexican regulators were examining whether Goldcorp broke reporting or disclosure regulations in its handling of a long-running leak of contaminated water at the Peñasquito Mine that had been occurring as early as October 2013.
After the announcement, Goldcorp’s share price fell from $17.69 per share on August 23, 2016 to a closing price of $16.05 on August 24, 2016 —a $1.64 or a 9.27% drop.
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If you invested in Goldcorp stock or options between March 31, 2014 and August 24, 2016 and would like to discuss your legal rights, visit www.faruqilaw.com/GG. You can also contact us by calling Richard Gonnello toll free at 877-247-4292 or at 212-983-9330 or by sending an e-mail to firstname.lastname@example.org. Faruqi & Faruqi, LLP also encourages anyone with information regarding Goldcorp’s conduct to contact the firm, including whistleblowers, former employees, shareholders and others.
The court-appointed lead plaintiff is the investor with the largest financial interest in the relief sought by the class that is adequate and typical of class members who directs and oversees the litigation on behalf of the putative class. Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member. Your ability to share in any recovery is not affected by the decision of whether or not to serve as a lead plaintiff.
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CONTACT: FARUQI & FARUQI, LLP 685 Third Avenue, 26th Floor New York, NY 10017 Attn: Richard Gonnello, Esq. email@example.com Telephone: (877) 247-4292 or (212) 983-9330