Barrick Can't Ditch Investor Suit Over Gold Mine Compliance

Law360, New York (April 2, 2015, 1:46 PM EDT) -- A New York federal judge ruled Wednesday that Barrick Gold Corp. must face allegations that it repeatedly and knowingly misled a proposed class of investors about whether its troubled $8.5 billion South American mining project complied with environmental regulations.

U.S. District Judge Shira A. Scheindlin concluded that the plaintiffs had sufficiently alleged that the company knew it was violating its environmental commitments during construction on the Pascua-Lama mine, located on the border of Argentina and Chile, as early as April 2010. She granted in part the...
To view the full article, register now.

Documents

Related

Sections

Case Information

Case Title

In re Barrick Gold Securities Litigation


Case Number

1:13-cv-03851

Court

New York Southern

Nature of Suit

Securities/Commodities

Judge

Richard M. Berman

Date Filed

June 5, 2013

Law Firms

Companies

Law360 UK

UK Financial Services

Read Our Latest UK Legal News & Analysis

Financial Services Law360 UK and Insurance Law360 UK provide breaking news and in-depth analysis on U.K. and European Union regulation, enforcement, legislation, and litigation involving banks, investment firms, insurers, and more.