Securities fraud class action litigation has been filed on behalf of investors in the securities of Tahoe Resources, Inc. (“Tahoe” or the “Company”) (NYSE: TAHO). If you purchased or otherwise acquired Tahoe securities between April 3, 2013 and July 5, 2017, inclusive (the “Relevant Period”), you may move the court for appointment as lead plaintiff by no later than September 5, 2017.
You may retain Lieff Cabraser Heimann & Bernstein, LLP, or other attorneys, as your counsel in the actions. Recognized by the National Law Journal as one of the nation’s top plaintiffs’ law firms, Lieff Cabraser is committed to safeguarding the rights of investors and upholding the integrity of the market. We have significant experience and a successful track record of representing institutional and individual investors in securities and financial fraud litigation.
Tahoe investors may choose to have Lieff Cabraser review their claim by completing the contact form below. You can also call Sharon M. Lee of Lieff Cabraser at 1-800-541-7358 to discuss the litigation.
Background on the Tahoe Securities Class Litigation
Tahoe, incorporated in British Columbia, Canada and headquartered in Reno, Nevada, explores, develops, and operates mines in the Americas. The Company holds interest in the Escobal silver mine property located in southeast Guatemala.
The action alleges that, throughout the Class Period, defendants made false and/or misleading statements and/or failed to disclose that the Ministry of Energy and
Mines of Guatemala (“MEM”) had not met certain consulting obligations in advance of granting the Escobal mining license to Tahoe’s subsidiary, Minera San Rafael, and thus the Escobal mining license was subject to suspension.
On May 24, 2017, Tahoe revealed that the human rights organization Centro de Acción Legal Ambiental y Social de Guatemala (“CALAS”) had filed claim against MEM for allegedly violating the Xinca indigenous people’s right of consultation prior to granting the mining license.
On July 6, 2017, the Company announced that the Supreme Court of Guatemala had provisionally suspended Minera San Rafael’s Escobal mining license in connection with CALAS’s action against MEM. On this news, Tahoe’s share price fell $2.74 per share, or over 33%, from a previous closing price of $8.30 on July 5, 2017, to close at $5.56 per share on July 6, 2017, on highly elevated trading volume.
About Lieff Cabraser
Lieff Cabraser Heimann & Bernstein, LLP, with offices in San Francisco, New York, Nashville, and Seattle, is a nationally recognized law firm committed to advancing the rights of investors and promoting corporate responsibility.
The National Law Journal has recognized Lieff Cabraser as one of the nation’s top plaintiffs’ law firms for fourteen years. In compiling the list, the National Law Journal examines recent verdicts and settlements and looked for firms “representing the best qualities of the plaintiffs’ bar and that demonstrated unusual dedication and creativity.” Law360 has selected Lieff Cabraser as one of the Top 50 law firms nationwide for litigation, highlighting our firm’s “laser focus” and noting that our firm routinely finds itself “facing off against some of the largest and strongest defense law firms in the world.” In late 2016, Benchmark Litigation named Lieff Cabraser one of the “Top 10 Plaintiffs’ Firms in America.”