On or around 06/20/2019 (Date of last review)
Filing Date: July 07, 2017
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) consultation obligations relating to the permitting of the Escobal mining license were not met; (2) in turn, the Escobal mining license is subject to suspension; and (3) as a result, Tahoe’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 June 6, 2018, the Court issued an Order transferring this case to the District of Nevada. On July 17, the Court issued an Order consolidating cases under Docket 17-CV-01868, titled "In re Tahoe Resources, Inc. Securities Litigation." Plaintiff filed a consolidated amended Complaint on August 31. Defendants filed a Motion to Dismiss the consolidated amended Complaint on October 30. On June 19, 2019, the Court issued an Order granting in part and denying in part the Motion to Dismiss.
Company & Securities Information
Defendant: Tahoe Resources Inc.
Sector: Basic Materials
Industry: Metal Mining
Headquarters: United States
Ticker Symbol: TAHO
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.
First Identified Complaint
Tyler Sanders, et al. v. Tahoe Resources Inc., et al.