NEW YORK, NY / ACCESSWIRE / December 27, 2024 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Paladin Energy Ltd ("Paladin" or "the Company") (OTCMKTS:PALAF). Investors who purchased Paladin securities are encouraged to obtain additional information and assist the investigation by visiting the firm's site: bgandg.com/PALAF.
Investigation Details
On November 12, 2024, Paladin issued an announcement entitled "Langer Heinrich Mine update and revision of FY2025 guidance." In this announcement, Paladin said that "[a]s 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." Following this news, Paladin stock dropped $1.55 per share, or 24.7%, to close at $4.71 on November 12, 2024.
What's Next?
If you are aware of any facts relating to this investigation or purchased Paladin securities, you can assist this investigation by visiting the firm's site: bgandg.com/PALAF. You can also contact Peretz Bronstein or his client relations manager, Nathan Miller, of Bronstein, Gewirtz & Grossman, LLC: 332-239-2660
There is No Cost to You
We represent investors in class actions on a contingency fee basis. That means we will ask the court to reimburse us for out-of-pocket expenses and attorneys' fees, usually a percentage of the total recovery, only if we are successful.
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Bronstein, Gewirtz & Grossman, LLC is a nationally recognized firm that represents investors in securities fraud class actions and shareholder derivative suits. Our firm has recovered hundreds of millions of dollars for investors nationwide.
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Contact
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Nathan Miller
332-239-2660 | info@bgandg.com
SOURCE: Bronstein, Gewirtz & Grossman, LLC
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