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Case Status:    ONGOING    
On or around 07/08/2020 (Date of last review)

Filing Date: June 29, 2020

According to the Complaint, Kirkland is a Canadian limited liability company headquartered in Toronto, Ontario. Kirkland owns and operates gold mines in Canada and Australia.

The Complaint alleges that throughout the Class Period, Defendants made materially false and misleading statements, and failed to disclose material adverse facts about the Company’s business, operational, and compliance policies. Specifically, Defendants made false and/or misleading statements and failed to disclose to investors that: (i) Kirkland lacked adequate internal controls over financial reporting, especially as it relates to its projections of risks, reserve grade, and all-in sustaining costs; (ii) as a result of the known, but undisclosed, impending acquisition of Detour, the Company’s projections relating to its risks, reserve grade, and all-in sustaining costs were false and misleading; (iii) the Company’s financial statements and projections were not fairly presented in conformity with International Financial Reporting Standards (“IFRS”); (iv) based on the foregoing, Defendants lacked a reasonable basis for their positive statements about the Company’s business, operations, and prospects and/or lacked a reasonable basis and omitted material facts.

Plaintiff filed a corrected Complaint on July 8, 2020.

COMPANY INFORMATION:

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

SECURITIES INFORMATION:

Ticker Symbol: KL
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.
COURT: S.D. New York
DOCKET #: 20-CV-04953
JUDGE: Hon. J. Paul Oetken
DATE FILED: 06/29/2020
CLASS PERIOD START: 01/08/2018
CLASS PERIOD END: 11/25/2019
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Lowey Dannenberg, P.C.
No Document Title Filing Date
COURT: S.D. New York
DOCKET #: 20-CV-04953
JUDGE: Hon. J. Paul Oetken
DATE FILED: 07/08/2020
CLASS PERIOD START: 01/08/2018
CLASS PERIOD END: 11/25/2019
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Lowey Dannenberg, P.C.
No Document Title Filing Date
—Related District Court Filings Data is not available