On or around 03/10/2017 (Date of order of distribution of settlement)
Filing Date: September 11, 2013
According to the law firm press release, the complaint alleges violations of federal securities laws, Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5, including allegations of issuing a series of false or material misrepresentations to the market, as well as effectuating a "pump and dump" scheme, all of which had the effect of artificially inflating the market price of Liberty Silver Corp.'s common stock during the Class Period of April 1, 2008 through October 5, 2012.
On January 21, 2014, the Court issued an Order appointing lead plaintiff and approving lead counsel.
On February 10, 2015, the Court issued an Order denying Defendants' Motion to Dismiss.
On February 27, 2015, the parties filed an agreement to a partial Settlement. This Settlement was preliminarily approved by the Court on March 9.
On March 18, 2016, the remaining parties stipulated to a dismissal of this case.
Company & Securities Information
Defendant: Liberty Silver Corporation
Sector: Basic Materials
Industry: Metal Mining
Ticker Symbol: LBSV
Company Market: Pink Sheets
Market Status: Public (Listed)
About the Company & Securities Data
"Company" information provides the industry and sector classification and headquarters state for the primary company-defendant in the litigation. In general, "Securities" information provides the ticker symbol, market, and market status for the underlying securities at issue in the litigation.
In most cases, the primary company-defendant actually issued the securities that are the subject of the litigation, and the securities information and company information relate to the same entity. In a small subset of cases, however, the primary company-defendant is not the issuer (for example, cases against third party brokers/dealers), and the securities information and company information do not relate to the same entity.
First Identified Complaint
Todd Stanaford, et al. v. Liberty Silver Corporation, et al.