OTCPK:TVLMF - Post by User
Post by
Galvanizeron Nov 15, 2022 4:08pm
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Post# 35101173
“Ad Hoc Committee of Trevali Shareholders”
“Ad Hoc Committee of Trevali Shareholders”KND Complex Litigation has been appointed as Shareholder Representative Counsel
This law firm is suing "Trevali" for damages!
2022.10.03 - UPDATED Notice of Application CCAA Representation.pdf (fticonsulting.com)
"Trevali’s shareholders incurred millions of dollars in financial losses and damages on their investments in Trevali’s common shares."
"The Proposed Securities Class Action arises out of alleged misrepresentations in the disclosure documents of Trevali issued between October 9, 2020 through to August 15, 2022, inclusive."
Certain statements contained in Trevali’s core disclosure documents constituted a misrepresentation. Trevali’s senior management and directors failed to exercise care and oversight to ensure that Trevali had, maintained or implemented effective policies and procedures to manage core, mission-critical aspects of Trevali’s business.
The Proposed Securities Class Action seeks to recover compensation in the amount of $56 million for the Class’s damages and losses.
ALSO... Trevali will not publish quaterly financial statements for September 2022 - see Nov 14, 2022 News Release!!
Trevali Mining Corporation | Trevali Provides Update on Judicial Liquidation of 90%-Owned Burkina Faso Subsidiary; No Filing of Financial Statements or Related Management Disclosure and Analysis Going Forward