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 defendants' motion to dismiss the proposed class action, however, rejecting claims that the company misrepresented...
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