Barrick Says New Gold Unlawfully Blocked El Morro Bid

Law360, New York (January 13, 2010, 7:34 PM EST) -- Barrick Gold Corp. has filed suit against New Gold Inc., alleging the exploration company is violating a contract and wrongfully attempting to block its acquisition of a 70 percent stake in Chile's El Morro copper-gold mining project by helping to prop up a rival bid from Goldcorp Inc.

Toronto-based Barrick, the world’s largest gold mining company, filed suit against Goldcorp, New Gold and affiliates on Wednesday in the Ontario Superior Court of Justice, alleging New Gold is inappropriately attempting to exercise a right of first refusal...
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