On or around 09/11/2023 (Date of last review)
Filing Date: July 07, 2017
Tahoe Resources Inc. is a Canadian mining company and intermediate precious metals producer with silver and gold mines in Canada, Guatemala and Peru.
According to the law firm press release, the lawsuit alleges that 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. The Court issued an Order appointing Lead Plaintiff and Counsel on July 13. 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.
On March 6, 2023, the parties notified the Court that they had reached an agreement in principle to settle the case. On May 25, the parties entered into a Stipulation and Agreement of Settlement.
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