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Sibanye Gold Limited : American Depositary Shares

Case Summary

Sibanye Gold Limited : American Depositary Shares Securities Litigation

Case Summary

Case Status:    ONGOING    
On or around 06/27/2018 (Ongoing date of last review)

Filing Date: June 27, 2018

According to the Plaintiff's law firm press release issued on June 27, 2018, Defendants made false and/or misleading statements and/or failed to disclose that: (1) Sibanye’s culture places short-term profits over safety; (2) consequently, almost half of South Africa’s 2018 mining fatalities occurred in Sibanye mines; and (3) as a result, defendants’ statements about Sibanye’s business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

Company & Securities Information

Defendant: Sibanye Gold Limited

COMPANY INFORMATION:

Sector: Basic Materials
Industry: Gold & Silver
Headquarters: Republic of South Africa

SECURITIES INFORMATION:

Ticker Symbol: SBGL
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

Kevin Brandel, et al. v. Sibanye Gold Limited, et al.

COURT: E.D. New York
DOCKET #: 18-CV-03721
JUDGE: Hon. Kiyo A. Matsumoto
DATE FILED: 06/27/2018
CLASS PERIOD START: 04/07/2017
CLASS PERIOD END: 06/26/2018
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. The Rosen Law Firm P.A. (New York)
    275 Madison Avenue, 34th Floor, The Rosen Law Firm P.A. (New York), NY 10016
    (212) 686-1060 (212) 202-3827 ·
First Identified Complaint (FIC) Filings:
No Document Title Filing Date
1 Class Action Complaint for Violations of the Federal Securities Laws 06/27/2018
2 U.S. District Court Civil Docket 06/27/2018
 
 

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