Dyna Abandons $14M Suit Over Mexico Gold Mine

Law360, New York (March 11, 2014, 4:13 PM EDT) -- DynaResource Inc. has dropped a suit in Texas state court against Goldgroup Resource Inc. alleging it suffered more than $14 million in damages when Goldgroup improperly claimed to own half of a 178,000-acre gold mining project in Mexico, Goldgroup said Tuesday.

Canadian-based Goldgroup said in a statement that Dyna and their joint venture, DynaResource de Mexico S.A. de C.V., had retracted the lawsuit, which was first lodged in December 2012, and that all those involved would bear their own costs and attorneys’ fees.

Goldgroup did not...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.