Pretium Resources Inc. (NYSE: PVG) Investor Securities Class Action Lawsuit 09/07/2018

If you purchased shares of Pretium Resources Inc. (NYSE: PVG), you have certain options and for certain investors are short and strict deadlines running. Deadline: November 6, 2018. NYSE: PVG investors should contact the Shareholders Foundation, Inc.

To have your information reviewed for options and to recieve notifications about this case, please use this form. You may also send an email to mail@shareholdersfoundation.com, or call us at (858) 779-1554.
Company Name(s): 
Pretium Resources
Case Name: 
Pretium Resources Shareholder Class Action Lawsuit 09/07/2018
Case Status: 
Lawsuit Filed
Affected Securities
NYSE: PVG
Lawsuit Overview
Type of Lawsuit: 
Shareholder Class Action
Date Filed: 
09/07/2018
Class Period Begin: 
07/21/2016
Class Period End: 
09/06/2018
Court of Filing: 
U.S. District Court for the Southern District of New York
Deadline To File for Lead: 
11/06/2018
Summary: 

An investor who purchased shares of Pretium Resources Inc. (NYSE: PVG) filed a lawsuit in the U.S. District Court for the Southern District of New York over alleged violations of Federal Securities Laws by Pretium Resources Inc. in connection with certain allegedly false and misleading statements made between July 21, 2016 and September 6, 2018.

Canada based Pretium Resources Inc. acquires, explores for, and develops precious metal resource properties in the Americas.

According to a report by Viceroy Research the Company’s reserves are far smaller than projected to investors, and the Company’s mining consultants have resigned due to the discrepancies between the actual reserves and stated reserves.
Shares of Pretium Resources Inc. (NYSE: PVG) declined from $$9.45 per share in August 2018 to as low as $6.53 per share on September 7, 2018.

According to the complaint the plaintiff alleges on behalf of purchasers of Pretium Resources Inc. (NYSE: PVG) common shares between July 21, 2016 and September 6, 2018, that the defendants violated Federal Securities Laws.

More specifically, the plaintiff claims that between July 21, 2016 and September 6, 2018, the defendants failed to disclose to investors that the Brucejack Project is not a high-grade, high-output mine, and that, as a result of the foregoing, Defendants’ positive statements about the Company’s business, operations, and prospects were materially false and/or misleading and/or lacked a reasonable basis.