NEW YORK, Aug. 18, 2023 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Sibanye Stillwater Limited ("Sibanye" or the "Company") (NYSE: SBSW). Such investors are advised to contact Robert S. Willoughby at newaction@pomlaw.com or 888-476-6529, ext. 7980.
The investigation concerns whether Sibanye and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
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On August 1, 2023, Sibanye Stillwater suspended mining operations at its Kloof 4 shaft in South Africa, which produces 14% of the miner's gold output, after it suffered infrastructure damage. On this news, Sibanye Stillwater's American depositary receipt price fell sharply during intraday trading on August 1, 2023, damaging investors.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.
CONTACT:
Robert S. Willoughby
Pomerantz LLP
rswilloughby@pomlaw.com
888-476-6529 ext. 7980
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SOURCE Pomerantz LLP
