WASHINGTON, D.C. — U.S. Market Advisors Law Group PLLC announces that a class action lawsuit has been filed against Goldcorp, Inc. (“Goldcorp.” or the “Company”) (NYSE:GG) and certain of its officers. The class action, filed in United States District Court, Central District of California, is on behalf of a class consisting of all persons or entities who purchased or otherwise acquired securities of Goldcorp between March 31, 2014 and August 24, 2016.
Goldcorp is a gold producer engaged in the operation, exploration, development and acquisition of precious metal properties in Canada, the United States, Mexico, and Central and South America.
The Allegations Against Goldcorp
The complaint accuses the defendants of violations of the Securities Exchange Act of 1934 by virtue of the defendants’ failure to disclose during the Class Period that levels of the mineral selenium rose in one groundwater monitoring well near the Peñasquito Mine as early as October 2013, in October 2014, Goldcorp reported a rise in selenium levels in groundwater to the Mexican government after the contamination near the Peñasquito Mine waste facility intensified, and in August 2016, Goldcorp told Mexican regulators that contaminated water had also been found in other areas near the Peñasquito Mine.
According to the complaint, following an August 24, 2016 Reuters article stating that Mexican regulators were examining whether Goldcorp broke any regulations in its handling of a long-running leak of contaminated water at the Peñasquito Mine, the value of Goldcorp shares declined significantly.
Goldcorp Investors Have Legal Options
If you suffered a loss from Goldcorp investments you have until October 24, 2016 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery does not require that you serve as a lead plaintiff. Concerned shareholders who would like more information about their rights and potential remedies can contact attorney David P. Abel (202) 559-8591, [email protected].
U.S. Market Advisors Law Group PLLC is a law firm based in Washington, D.C. The firm represents institutional investors from across the world in U.S. securities class action lawsuits.
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