Allied Nevada Gold Corp. ("Allied Nevada" or the Company) is a metals and mining/precious metals company based in Reno, Nevada.

According to the press release, the Defendants misrepresented the Company’s true financial and operating condition because it misstated or failed to disclose operating defects and deficiencies concerning the Company’s Lewis leach pad, that rendered Defendants’ positive statements about Allied Nevada’s leach pad solutions processing capacity, the Hycroft Mine mill expansion, and the Company’s expected gold and silver production and its expected operating income and cash flows—materially false and misleading. The lawsuit claims that when these truth facts became known, the value of the Company’s stock dropped, damaging investors.

On November 7, 2014, the Court issued an Order appointing lead Plaintiff and approving lead Counsel. Lead Plaintiff filed an amended and consolidated Complaint on May 1, 2015.

On August 8, 2016, the Court issued an Order granting Defendants' Motion to Dismiss. Plaintiffs were given leave to file an amended Complaint, which they did on November 3.

On September 20, 2017, the Court issued an Order granting Defendants' Motion to Dismiss with prejudice. Lead Plaintiffs filed a Notice appealing this decision on October 16. On November 29, 2018, the Court of Appeals issued an Order reversing the District Court's ruling and remanding the case to the District Court.

On January 24, 2020, Lead Plaintiff and the Individual Defendants entered into a Stipulation of Settlement. The Court granted preliminary approval of the Settlement on June 10. On November 16, the Court granted final approval of the Settlement, including an award of Attorneys’ Fees and Expenses, and entered Final Judgment.

On February 15, 2023, the Court issued an Order approving Distribution of the net Settlement fund.