The settlement of this federal securities fraud class action lawsuit is on behalf of Turquoise Hill Resources Ltd. (“Turquoise Hill”) (NYSE/TSX: TRQ) investors who (1) purchased or otherwise acquired common stock and/or call options on Turquoise Hill common stock between July 17, 2018 and July 31, 2019, inclusive (the “Class Period”); (2) sold put options on Turquoise Hill common stock during the Class Period; and/or (3) entered into swaps replicating a purchase of Turquoise Hill common stock in domestic transactions or on U.S. exchanges during the Class Period.
Turquoise Hill agreed to pay $138,750,000 to resolve this class action lawsuit alleging the company and certain of its officers and/or directors violated federal securities laws by making false or misleading statements.
What’s the status of the Settlement?
On October 23, 2025, the Court granted Final Approval of the Class Action Settlement. This action has concluded.
Who can file a claim?
The settlement class includes all persons or entities who, during the Class Period:
- Purchased or otherwise acquired Turquoise Hill common stock, and/or call options on Turquoise Hill common stock;
- Sold put options on Turquoise Hill common stock; and/or
- Entered into swaps replicating a purchase of Turquoise Hill common stock, in domestic transactions or on U.S. exchanges.
How much is the Settlement Payment?
Pro rata payment: The total settlement fund is $138,750,000. The amount each class member receives will depend on several factors, including:
- The number of valid claims submitted
- The number of shares purchased and sold
- The dates of purchase and sale
- The price paid for the shares and the price received upon sale
How do I file a claim?
The deadline to file a claim was September 24, 2025. To submit a claim and/or to find additional information regarding the terms of the settlement and claim filing process, go to www.TurquoiseHillSecuritiesLitigation.com, or contact the claims administrator, JND Legal Administration, at 1-855-779-3513.
If you wish to discuss this action or have any questions, please contact Kessler Topaz Meltzer & Check, LLP: Jon Naji, Esq. (484) 270-1453; toll-free at (844) 887-9500; or via e-mail at info@ktmc.com.