| COMPANY |
Tahoe Resources, Inc. |
| COURT |
United States District Court for the District of Nevada |
| CASE NUMBER |
17-cv-01868 |
| JUDGE |
The Hon. Richard Franklin Boulware II |
| CLASS PERIOD |
April 3, 2013 - August 24, 2017 |
| SECURITY TYPE |
Common Stock |
Case Background:
On July 7, 2017, the initial complaint in this securities class action was filed against Tahoe Resources, Inc. (“Tahoe” or the “Company”), and certain of Tahoe’s directors, officers and underwriters, asserting violations of sections 10(b) and 20(a) of the Securities Exchange Act. Plaintiff allege that defendants made false and/or misleading statements and/or failed to disclose that: (1) consultation obligations relating to the permitting of the Escobal mining license were not met; (2) in turn, the Escobal mining license is subject to suspension; and (3) as a result, Tahoe’s public statements were materially false and misleading at all relevant times.
Current Status of Case:
Plaintiff filed an Amended Complaint on August 31, 2018. Defendants filed a Motion to Dismiss the consolidated amended Complaint on October 30, 2018. On June 19, 2019, the Court issued an Order granting in part and denying in part the Motion to Dismiss. Fact discovery ended on January 7, 2022. This action is still ongoing.
If you wish to discuss this action or have any questions concerning this notice or your rights or interests with respect to these matters, please contact Kessler Topaz Meltzer & Check, LLP: Jon Naji, Esq. (484) 270-1453; or via e-mail at info@ktmc.com. If you would like additional information about the suit, please click on the link "Submit Your Information" above and fill out the form as promptly as possible.