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Tahoe Resources Inc.

Case Summary

Tahoe Resources Inc. Securities Litigation

Case Summary

Case Status:    ONGOING    
On or around 03/23/2020 (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.

COMPANY INFORMATION:

Sector: Basic Materials
Industry: Metal Mining
Headquarters: United States

SECURITIES INFORMATION:

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.

COURT: E.D. New York
DOCKET #: 17-CV-04052
JUDGE: Hon. Nicholas G. Garaufis
DATE FILED: 07/07/2017
CLASS PERIOD START: 03/12/2015
CLASS PERIOD END: 07/05/2017
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. The Rosen Law Firm P.A. (New York)
First Identified Complaint (FIC) Filings:
No Document Title Filing Date
1 Class Action Complaint for Violation of the Federal Securities Laws 07/07/2017
2 U.S. District Court Civil Docket 06/06/2018
3 Stipulation and Order of Transfer to the District of Nevada's Southern Division 06/06/2018

Reference Complaint

In re Tahoe Resources, Inc. Securities Litigation

COURT: D. Nevada
DOCKET #: 17-CV-01868
JUDGE: Hon. Nicholas G. Garaufis
DATE FILED: 08/31/2018
CLASS PERIOD START: 04/03/2013
CLASS PERIOD END: 08/24/2017
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Faruqi & Faruqi LLP (New York)
  2. Muckleroy Lunt, LLC
Reference Complaint (REF) Filings:
No Document Title Filing Date
1 Stipulation and Order to Consolidate and Joint Notice of Related Cases 07/17/2018
2 Consolidated Amended Class Action Complaint 08/31/2018
3 U.S. District Court Civil Docket 11/05/2019
4 Order 03/23/2020

Related District Court Filings

No Document Title Filing Date
1 U.S. District Court Civil Docket 07/17/2018
2 Stipulation and Order to Consolidate and Joint Notice of Related Cases 07/17/2018
 
 

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