LOS ANGELES, CA / ACCESSWIRE / December 26, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Paladin Energy Ltd ("Paladin" or "the Company") (OTC PINK:PALAF) for violations of the securities laws.
The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Paladin issued an announcement on November 12, 2024, titled: "Langer Heinrich Mine update and revision of FY2025 guidance." According to the Company, "as a result of the lower than expected production results for October, and noting the ongoing challenges and operational variability experienced to date in ramping up production at the [Langer Heinrich Mine], Paladin has determined to revise its FY2025 production guidance to 3.0 - 3.6 Mlb (previously 4.0 - 4.5 Mlb) and withdraw all other guidance in relation to FY2025." Based on this news, shares of Paladin fell by 24.7% on the same day.
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 bschall@schallfirm.com.
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.
Office: 310-301-3335
info@schallfirm.com
www.schallfirm.com
SOURCE: The Schall Law Firm
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