| 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. This is a federal securities class action lawsuit brought on behalf of all persons and entities who purchased or otherwise acquired Tahoe common stock between April 3, 2013 and August 24, 2017, both dates inclusive (the “Class Period”).
The complaint alleges that throughout the Class Period, 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 a consolidated amended complaint (the “Amended Complaint”) on August 31, 2018. Defendants filed a Motion to Dismiss the 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. On October 6, 2023, the Court preliminarily approved the Settlement of this action and scheduled a Final Settlement Hearing to be held on February 9, 2024.
The deadline to file a claim is February 1, 2024. If you have any questions or need further information about this settlement, you may go to the following website, https://www.ustahoesettlement.com/, or you can contact the claims administrator, Epiq Systems, Inc. at 1-855-903-0315.
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.