Los Angeles, California--(Newsfile Corp. - December 11, 2020) - The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against Turquoise Hill Resources Ltd. ("Turquoise Hill" or "the Company") (NYSE: TRQ) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.
Investors who purchased the Company's securities between July 17, 2018 and July 31, 2019, inclusive (the ''Class Period''), are encouraged to contact the firm before December 14, 2020.
If you are a shareholder who suffered a loss, click here to participate.
We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at brian@schallfirm.com.
The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
According to the Complaint, the Company made false and misleading statements to the market. Turquoise Hill suffered stability issues at its Oyu Tolgoi copper-gold mine in Mongolia that were far more severe than represented. The Company's estimates of the cost of completion and production schedule were impossible to achieve. The Company's purported "challenging ground conditions" made its production estimates beyond its capabilities. In fact, the Company would require additional financing to complete the project. Based on these facts, the Company's public statements were false and materially misleading throughout the class period. When the market learned the truth about Turquoise Hill, investors suffered damages.
Join the case to recover your losses.
The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.
CONTACT:
The Schall Law Firm
Brian Schall, Esq.,
www.schallfirm.com
Office: 310-301-3335
info@schallfirm.com
SOURCE:
The Schall Law Firm
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/70074
