Silvercorp Metals, Inc. ("Silvercorp") is a Canadian precious metals company that explores for, mines, and develops silver-containing properties, primarily in China.

According to the Complaint, this is a federal securities class action brought on behalf of a class consisting of all persons and entities, other than Defendants and their affiliates, who purchased the publicly traded common stock of Silvercorp from June 24, 2010, to September 13, 2011, inclusive (the "Class Period"). Throughout the Class Period, Silvercorp overstated the quality and quantity of its ore reserves. Silvercorp's own filings with the Chinese authorities demonstrated that it had lower production than its filings with the SEC. When the truth regarding the quantity and quality of Silvercorp's minerals production was disclosed, Silvercorp's stock price fell, damaging investors.

On April 12, 2013, the Court issued an order appointing lead Plaintiffs and approving the selection of lead Counsel. The lead Plaintiffs filed an amended Complaint on June 11.

On August 2, 2013, the Court issued an Order granting the Defendants' motion to dismiss with respect to the individual Defendants, but denying the motion with respect to the issuer Defendant.

On October 23, 2014, the parties entered into a Stipulation and Settlement Agreement. This Settlement was preliminarily approved by the Court on November 12. On February 13, 2015, the Court issued a Final Judgment and ordered this case dismissed.