RADNOR, Pa., Aug. 31, 2016 /PRNewswire/ -- The law firm
of Kessler Topaz Meltzer & Check, LLP announces that a
shareholder class action lawsuit has been filed against Goldcorp,
Inc. (NYSE:GG) (TSX:G) ("Goldcorp" or the "Company") on behalf of
purchasers of the Company's securities between March 31, 2014 and August
24, 2016, inclusive (the "Class Period").
Investors who purchased Goldcorp securities during the
Class Period may, no later than October 24,
2016, petition the Court to be appointed as a lead plaintiff
representative of the class. For additional information
please visit
https://www.ktmc.com/new-cases/goldcorp-inc#join.
Goldcorp shareholders who wish to discuss this action and their
legal options are encouraged to contact Kessler Topaz Meltzer &
Check, LLP (Darren J. Check, Esq.,
D. Seamus Kaskela, Esq. or
Adrienne O. Bell, Esq.) at (888)
299-7706 or at info@ktmc.com.
Goldcorp is engaged in the acquisition, exploration,
development, and operation of precious metal properties in
Canada, the United States, Mexico, and Central and South America.
The Peñasquito gold-silver-lead-zinc mine (the "Peñasquito Mine")
is wholly-owned by Goldcorp, and is considered by Goldcorp to be a
material mineral property.
The shareholder class action complaint alleges that Goldcorp and
certain of its executive officers made a series of false and
misleading statements and/or failed to disclose to investors during
the Class Period that: (i) levels of the mineral selenium rose in
one groundwater monitoring well near the Peñasquito Mine as early
as October 2013; (ii) in October 2014, Goldcorp reported a rise in
selenium levels in groundwater to the Mexican government after the
contamination near the Peñasquito Mine waste facility intensified;
and (iii) in August 2016, Goldcorp
told Mexican regulators that contaminated water had also been found
in other areas near the Peñasquito Mine. As a result of the
foregoing, the complaint alleges that Goldcorp's public statements
to investors were materially false and misleading at all relevant
times.
On August 24, 2016, Reuters
reported that Mexican regulators were examining whether Goldcorp
broke reporting or disclosure regulations in its handling of a
long-running leak of contaminated water at the Peñasquito
Mine.
Following this news, shares of Goldcorp fell $1.64 per share, or over 9%, to close on
August 24, 2016 at $16.05 per share, on heavy trading volume.
Goldcorp shareholders may, no later than
October 24, 2016, petition
the Court to be appointed as a lead plaintiff representative of the
class through Kessler Topaz Meltzer & Check or other counsel,
or may choose to do nothing and remain an absent class
member. A lead plaintiff is a representative party who acts
on behalf of all class members in directing the litigation.
In order to be appointed as a lead plaintiff, the Court must
determine that the class member's claim is typical of the claims of
other class members, and that the class member will adequately
represent the class in the action. Your ability to share in
any recovery is not affected by the decision of whether or not to
serve as a lead plaintiff. For additional information, or to
learn how to participate in this action, please visit
https://www.ktmc.com/new-cases/goldcorp-inc#join.
Kessler Topaz Meltzer & Check prosecutes class actions in
state and federal courts throughout the country. Kessler
Topaz Meltzer & Check is a driving force behind corporate
governance reform, and has recovered billions of dollars on behalf
of institutional and individual investors from the United States and around the world.
The firm represents investors, consumers and whistleblowers
(private citizens who report fraudulent practices against the
government and share in the recovery of government dollars).
The complaint in this action was not filed by Kessler Topaz Meltzer
& Check. For more information about Kessler Topaz Meltzer
& Check, please visit www.ktmc.com.
CONTACT:
Kessler Topaz Meltzer & Check, LLP
Darren J. Check, Esq.
D. Seamus Kaskela, Esq.
Adrienne O. Bell, Esq.
280 King of Prussia Road
Radnor, PA 19087
(888) 299-7706
(610) 667-7706
info@ktmc.com
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/shareholder-class-action-filed-against-goldcorp-inc---gg-300320720.html
SOURCE Kessler Topaz Meltzer & Check, LLP