Barrick Investors Win Class Cert. In Mine Compliance Row
Law360, Los Angeles (March 23, 2016, 11:19 PM EDT) -- A New York federal judge on Wednesday certified a class of investors accusing Barrick Gold Corp. of repeatedly and knowingly misleading them about whether its troubled $8.5 billion South American mining project complied with environmental regulations.
Granting plaintiffs' motion for class certification, U.S. District Judge Shira A. Scheindlin ruled that individualized damages issues don't predominate in the suit. Plaintiffs allege 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.
The judge had previously granted in part the defendants' motion to dismiss...
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