TAKE A LOOK AT WHICH REPORT YOUR PORTFOLIO'S BEEN MISSING...

Shareholders Foundation offers real-time reporting of class action exposure on a per transaction basis,
including the documents you will need for claim filing and settlement recovery.
Start Monitoring Your Investments

Primero Mining Corp (NYSE:PPP) Investor Securities Class Action Lawsuit 02/15/2016

  • If you purchased shares of Primero Mining Corp (NYSE:PPP), you may have certain options. Please contact the Shareholders Foundation, Inc.

  • To have your information reviewed for options and to receive notifications about this case, please send an email to mail@shareholdersfoundation.com, or call us at (858) 779-1554.

Lawsuit Overview

Case Dismissed
Company
Primero Mining Corp
Security
NYSE: PPP

Case Name
Primero Mining Shareholder Class Action Lawsuit 02/15/2016
Type of Lawsuit
Shareholder Class Action
Court of Filing
U.S. District Court for the Central District of California

Class Period Begin
Class Period End
Deadline To File for Lead
You must register or login to receive notifications.

Click here to subscribe to Primero Mining Corp.
Summary

July 14, 2017 - The case was dismissed.
March 10, 2017 - A second amended complaint was filed.

January 30, 2017 - The court granted the defendants' motion to dismiss.

August 22, 2016 - An amended complaint was filed.

February 5, 2016 (Shareholders Foundation) - An investor in shares of Primero Mining Corp (NYSE:PPP) filed a lawsuit in the U.S. District Court for the Central District of California over alleged violations of Federal Securities Laws by Primero Mining Corp in connection with certain allegedly false and misleading statements made between October 5, 2012 and February 3, 2016.

According to the complaint the plaintiff alleges on behalf of purchasers of Primero Mining Corp (NYSE:PPP) common shares between October 5, 2012 and February 3, 2016, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between October 5, 2012 and February 3, 2016 Defendants issued allegedly false and misleading statements to investors and/or failed to disclose material facts about tax compliance at Primero’s Mexican subsidiary, Primero Empresa Minera, S.A. de C.V.

On February 4, 2016 Primero Mining Corp (NYSE:PPP) announced that its Mexican subsidiary, Primero Empresa Minera, S.A. de C.V. ( PEM ), has received a legal claim from the Mexican tax authorities, Servicio de Administración Tributaria ( SAT ), seeking to nullify the Advance Pricing Agreement ( APA ) issued by SAT in 2012. Primero Mining Corp said the APA confirmed the Company's basis for paying taxes on realized silver prices for the years 2010 to 2014 and represented SAT's agreement to accept that basis for those years.

Shares of Primero Mining Corp (NYSE:PPP) declined on February 5, 2016, to as low as $1.54 per share.