Miner's Golden Outlook Protected By Safe Harbor, Judge Says

Law360, Los Angeles (July 16, 2013, 3:04 PM EDT) -- Gold Resources Corp. escaped a class action Monday when a Colorado federal judge threw out claims it fooled investors into hanging on through a 30 percent drop in stock price with lavish promises for the future, ruling instead the publicly traded mining company’s statements were forward-looking.

U.S. District Judge R. Brooke Jackson found that GRC properly warned investors, per the safe harbor rule in the Private Securities Litigation Reform Act, that its promises of a bright future at one of its Mexico mines would potentially come up...
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Case Information

Case Title

Banker et al v. Gold Resource Corp et al


Case Number

1:12-cv-02832

Court

Colorado

Nature of Suit

Securities/Commodities

Judge

R. Brooke Jackson

Date Filed

October 25, 2012

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