Paramount Gold Board Says Investors' Claims Don't Hold Up

By Vince Sullivan (February 2, 2017, 7:50 PM EST) -- The board members of mining concern Paramount Gold and Silver Corp. told a Delaware judge Thursday that an investor class suit should be dismissed because its claims that the terms of a $146 million merger deal were omitted from public documents don't hold up to scrutiny.

During a hearing in Wilmington, Paramount Gold attorney Albert Manwaring IV of Morris James LLP told the court that the investors' disclosure claims should be tossed because the information they say was left out of a proxy statement detailing the merger with Coeur Mining Inc. in 2014 was actually included in those documents. Even if...

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