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Case Status:    ONGOING    
On or around 05/18/2018 (Ongoing date of last review)

Filing Date: March 05, 2018

Banro is a Canadian mining company operating exclusively in the DRC, with a focus on the exploration, development and production of gold.

The Complaint alleges that throughout the Class Period, Defendants made materially false and misleading statements and omissions regarding the Company’s business condition and operational environment. Specifically, the Complaint alleges that Defendants made false and/or misleading statements and/or failed to disclose that: (i) the Company’s operating segments in the Eastern Congo were subject to a critical threat by the local populations claiming specific grievances against the Company (ii) the threat had in fact materialized and was disrupting its operations (iii) consequently, the Company’s operating environment was unstable; (iv) the Company intentionally mislead investors regarding its relationship with the local communities and the stability of its business operations and; (v) as a result, Banro’s public statements about Banro’s business and operations were false and misleading and/or lacked a reasonable basis.

Plaintiffs filed an amended Complaint on April 3, 2018.

COMPANY INFORMATION:

Sector: Basic Materials
Industry: Gold & Silver
Headquarters: Canada

SECURITIES INFORMATION:

Ticker Symbol: BAA
Company Market: New York SE
Market Status: Public (Delisted)

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.
COURT: S.D. New York
DOCKET #: 18-CV-01986
JUDGE: Hon. Katherine Polk Failla
DATE FILED: 03/05/2018
CLASS PERIOD START: 01/26/2016
CLASS PERIOD END: 12/22/2017
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Kalberer LLP
    7 World Trade Center, 250 Greenwich Street, 46th Floor, Kalberer LLP, NY 10007
    212.266.0044 ·
No Document Title Filing Date
COURT: S.D. New York
DOCKET #: 18-CV-01986
JUDGE: Hon. Katherine Polk Failla
DATE FILED: 04/03/2018
CLASS PERIOD START: 01/26/2016
CLASS PERIOD END: 12/22/2017
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Kalberer LLP
    7 World Trade Center, 250 Greenwich Street, 46th Floor, Kalberer LLP, NY 10007
    212.266.0044 ·
No Document Title Filing Date
—Related District Court Filings Data is not available