Turquoise Hill Resources Ltd Investor Lawsuit alleges False and Misleading Statements
A lawsuit was filed on behalf of investors in Turquoise Hill Resources Ltd shares over alleged securities laws violations. Deadline: February 10, 2014. NYSE-TRQ investors should contact the Shareholders Foundation.
If you purchased a significant amount of shares of Turquoise Hill Resources Ltd between May 14, 2010 and November 8, 2013, and / or if you purchased NYSE-TRQ shares in 2010 or earlier and currently hold any of those shares, you have certain options and for certain investors are short and strict deadlines running. Deadline: February 10, 2014. NYSE-TRQ investors should contact the Shareholders Foundation at email@example.com (mailto:mail@
According to the complaint the plaintiff alleges on behalf of all persons or entities who purchased or otherwise acquired Turquoise Hill Resources Ltd between May 14, 2010 and November 8, 2013, that Turquoise Hill Resources Ltd and certain of its officers and directors violated the Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder.
More specifically, the plaintiff alleges that between May 14, 2010 and November 8, 2013 defendants issued allegedly materially false and misleading statements regarding Turquoise Hill Resources Ltd’s financial performance and business prospects and had overstated the Company’s reported revenue, specifically for its SouthGobi Resources Ltd. (“SouthGobi”)
On November 18, 2013, Turquoise Hill Resources Ltd announced that it will restate its consolidated financial results for 2010, 2011, 2012 and the affected quarters, including 2013, following a decision by the company’s majority-owned subsidiary, that is plans to restate its financial results.
Shares of Turquoise Hill Resources Ltd closed on December 13, 2013, at $3.21 per share.
Those who purchased shares of Turquoise Hill Resources Ltd have certain options and should contact the Shareholders Foundation at firstname.lastname@example.org or call +1(858) 779 - 1554.
Shareholders Foundation, Inc.