January 8, 2015 - The court approved the settlement, entered the orders approving the plan of allocation, the motion for attorneys’ fees and expenses, and dismissed the action with prejudice.
November 12, 2014 - The court preliminarily approved the settlement.

October 23, 2014 - Parties filed a stipulation of settlement.

July 1, 2014 - The court reaffirmed its prior order dismissing the amended complaint's claims against the individual defendants but not (except in one respect) against the corporate defendant.

August 5, 2013 - The court denied in part and granted in part defendants' motion to dismiss.

June 14, 2013 - Defendants filed a motion to dismiss.

June 11, 2013 - The lead plaintiffs filed an amended consolidated complaint on behalf of investors who purchased Silvercorp Metals Inc (USA) (NYSE: SVM) common shares between May 20, 2009 and September 13, 2011. The plaintiffs allege that the defendants violated the Securities Exchange Act of 1934 by issuing false and misleading statements between May 20, 2009 and September 13, 2011.

April 15, 2013 - Lead plaintiffs and lead counsel were appointed and all cases were consolidated.

March 1, 2013 - Lead plaintiff motions were filed.

December 28, 2012 - An investor in shares of Silvercorp Metals Inc (USA) (NYSE: SVM) filed a lawsuit in the U.S. District Court for the Southern District of New York against Silvercorp Metals Inc (USA) over alleged violations of Federal Securities Laws in connection with certain allegedly false and misleading statements made between June 24, 2010 and September 13, 2011.

According to the complaint the plaintiff alleges on on behalf of a class consisting of all persons or entities who purchased or otherwise acquired securities of Silvercorp Metals Inc (USA) (NYSE: SVM) between June 24, 2010 and September 13, 2011, that Silvercorp Metals Inc (USA) and certain of its officers and directors violated the Securities Exchange Act of 1934. More specifically, the plaintiff alleges that between June 24, 2010 and September 13, 2011, Silvercorp Metals Inc (USA) allegedly overstated the quality and quantity of its ore reserves. The plaintiff says that Silvercorp Metals Inc's (USA) own filings with the Chinese authorities demonstrated that it had lower production than represented in its filings with the SEC.

Shares of Silvercorp Metals Inc (USA) (NYSE: SVM) fell from its on August 31 high of $9.25 per share to as low as $7.22 on September 2nd after Silvercorp Metals Inc (USA) said that day that it was forwarded a copy of an anonymous letter dated August 29, 2011 addressed to the Ontario Securities Commission, its Auditors, and various media outlets alleging a Potential $1.3 Billion Accounting Fraud at Silvercorp .

Silvercorp Metals Inc (USA) (NYSE: SVM) stocks eventually regained some value and traded on September 8, 2011 as high as $9.14 per share.

However, then on September 13, 2011 analyst firm Alfred Little issued a report claiming that Silvercorp Metals Inc (USA) had concealed related party transactions and inflated the size of its revenue, earnings, assets, and operations in the documents it filed with the U.S. Securities and Exchange Commission (“SEC”). The report cited a number of sources, including Chinese regulatory filings, consulting geologists, and the results of its own on-the-ground due diligence.

Silvercorp Metals Inc (USA) (NYSE: SVM) stocks fell to as low as $6.01 per share on September 14, 2011.

Over the next months Silvercorp Metals Inc (USA) (NYSE: SVM) shares declined to as low as $4.69 per share on January 7, 2013.

On January 11, 2013, Silvercorp Metals Inc (USA) (NYSE: SVM) shares closed at $4.75 per share, which is significantly below its current 52 week High of $8.45 per share.