Former United States Securities and Exchange Commission attorney Willie
Briscoe, founder of The
Briscoe Law Firm, PLLC, and the securities litigation firm of Powers
Taylor LLP announce that a federal class action lawsuit has been
filed against Pretium Resources, Inc. (“Pretium” or “Company”) (NYSE:
PVG). The firms are investigating additional legal claims against the
officers and Board of Directors of Pretium during the period of January
19, 2011 and October 21, 2013 (the “Class Period”).
If you are an affected investor and you want to learn more about the
lawsuit or join the action, contact Willie Briscoe at The Briscoe Law
Firm, PLLC, (214) 239-4568, or via email at WBriscoe@TheBriscoeLawFirm.com,
or Zachary Groover at Powers Taylor LLP, toll free (877) 728-9607, via
email at shareholder@powerstaylor.com.
There is no cost or fee to you.
In a recently filed federal class action complaint, Pretium and certain
of its officers and directors were charged with violating certain
provisions of the Securities Exchange Act of 1934. Specifically, the
complaint alleges that among other things, defendants’ misrepresented
and/or failed to disclose that: (i) Pretium had not acquired credible
evidence demonstrating the quantity or quality of gold reserve estimates
they had claims to have obtained during the Class Period; (ii) one of
the firms Pretium had hired to provide independent analysis of the
quantity and quality of the gold reserves was not using a reliable
methodology to evaluate its gold reserve estimates; (iii) statements
made by Pretium during the Class Period did not accurately classify the
mineral resources; and (iv) as a result of the foregoing, Pretium’s gold
estimates reported during the Class Period were not as reliable as it
had led the market to believe. According to the complaint, when the
truth was revealed to the public, Pretium’s stock plummeted.
The
Briscoe Law Firm, PLLC is a full service business litigation,
commercial transaction, and public advocacy firm with more than 20 years
of experience in complex litigation and transactional matters.
Powers
Taylor LLP is a boutique litigation law firm that handles a variety
of complex business litigation matters, including claims of investor and
stockholder fraud, shareholder oppression, shareholder derivative suits,
and security class actions.
Copyright Business Wire 2013