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Kahn Swick & Foti, LLC (“KSF”) and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until December 14, 2020 to file lead plaintiff applications in a securities class action lawsuit against Turquoise Hill Resources Ltd. (NYSE: TRQ).
Turquoise Hill and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.
The alleged false and misleading statements and omissions include, but are not limited to, that: (i) underground development of the Oyu Tolgoi copper-gold mine, which was the Company’s principal asset, was not progressing as planned; (ii) significant undisclosed underground stability issues called into question the design of the mine; (iii) publicly disclosed estimates of the cost, completion and production dates from the mine were not achievable; (iv) the capital required for the Oyu Tolgoi development would cost substantially more than a billion dollars over what the Company had represented; and (v) the Company would require additional financing and/or equity to complete the project.
If you purchased securities of Turquoise Hill and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, contact KSF Managing Partner Lewis Kahn toll-free at 1-877-515-1850 or via email (email@example.com), or fill out the form on this page.
The case is Franchi v. Turquoise Hill Resources Ltd., No. 20-cv-08585.
Click here to read the case complaint.