Investors Seek Preliminary Approval Of $140M Securities Class Action Settlement
(June 2, 2016, 11:22 AM EDT) -- NEW YORK — Defendants in a securities class action lawsuit have agreed to pay $140 million to settle claims that they misrepresented a company’s compliance with environmental regulations for a South American mine project in violation of federal securities laws, according to documents filed in New York federal court on May 31 (In re Barrick Gold Securities Litigation, No. 13-3851, S.D. N.Y.).
(Motion for preliminary approval of settlement available. Document #57-160620-038B. Stipulation of settlement available. Document #57-160620-039B.)
Under the terms of the settlement, which are subject...