NEW YORK, July 3, 2013 /PRNewswire/ -- Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential securities fraud at Barrick Gold Corporation ("Barrick" or the "Company") (NYSE: ABX).
The investigation focuses on whether the Company and its executives violated federal securities laws with respect to its disclosures concerning business, operational, and compliance policies. Specifically, the investigation focuses on whether Barrick omitted material information regarding the cost and environmental impact of the Company's Pascua-Lama Project, which is located on the border between Argentina and Chile.
On May 24, 2013, the Company announced that it had received a resolution from Chile's Superintendence of the Environment, suspending the Pascua-Lama Project over environmental problems and imposing a fine of approximately $16 million. Following this news, Barrick's stock priced dropped nearly 65% from its Class Period high.
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If you invested in Barrick's stock, bonds or options between May 7, 2009 and May 23, 2013 and would like to discuss your legal rights, visit www.faruqilaw.com/ABX. You can also contact us by calling Richard Gonnello or Francis McConville toll free at 877-247-4292 or at 212-983-9330 or by sending an e-mail to email@example.com or firstname.lastname@example.org. Faruqi & Faruqi, LLP also encourages anyone with information regarding Barrick's conduct to contact the firm, including whistleblowers, former employees, shareholders and others.
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FARUQI & FARUQI, LLP
369 Lexington Avenue, 10th Floor
New York, NY 10017
Attn: Richard Gonnello, Esq.
Francis McConville, Esq.
Telephone: (877) 247-4292 or (212) 983-9330
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