Barrick Gold to face U.S. group lawsuit over South American mine
By Amrutha Penumudi
Thursday, March 24, 2016
A federal judge on Wednesday granted class certification for a U.S. class-action lawsuit filed against Barrick Gold Corp claiming that Barrick misstated facts of its now-halted Pascua-Lama gold-mine project on the border of Argentina and Chile.
The class certification means the world's largest gold producer will have to face the U.S. lawsuit.
U.S. District Judge Shira Scheindlin in Manhattan said that shareholders who purchased Barrick shares from May 7, 2009, through Nov. 1, 2013 are a part of the class-action lawsuit.
Investors who bought Barrick's common stock during this period have said Barrick touted Pascua-Lama as a world-class project even as it became clear that the project would fall short of expectations. ...
... For the remainder of the report:
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