On or around 10/16/2017 (Date of order of final judgment)
Filing Date: August 25, 2016
According to the law firm press release, the lawsuit alleges defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) levels of the mineral selenium rose in one groundwater monitoring well near the Peñasquito Mine as early as October 2013; (2) in October 2014, Goldcorp reported a rise in selenium levels in groundwater to the Mexican government after the contamination near the Peñasquito Mine waste facility intensified; (3) in August 2016, Goldcorp told Mexican regulators that contaminated water had also been found in other areas near the Peñasquito Mine; and (4) as a result, Goldcorp’s public statements were materially false and misleading at all relevant times.. When the true details entered the market, the lawsuit claims that investors suffered damages.
On November 21, 2016, the Court issued an Order appointing Lead Plaintiff and Counsel. Lead Plaintiffs filed an Amended Complaint on December 8. Lead Plaintiffs filed a Corrected Amended Complaint on December 22.
On September 6, 2017, the Court issued an Order granting in part and denying in part Defendants' Motion to Dismiss. Plaintiffs were given leave to file an amended complaint. Plaintiffs filed a Notice of Intent Not to File a Second Amended Complaint on September 28. The Court issued an Order dismissing the action on October 16.
Company & Securities Information
Defendant: Goldcorp, Inc.
Sector: Basic Materials
Industry: Gold & Silver
Ticker Symbol: GG
Company Market: New York SE
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.