BALA CYNWYD, Pa., Oct. 30, 2013 /PRNewswire/ -- Law Office of Brodsky & Smith, LLC announces that a class action lawsuit has been filed in the United States District Court for the Southern District of New York on behalf of all those investors who purchased or otherwise acquired shares of Pretium Resources, Inc. (NYSE: PVG) ("Pretium" or the "Company") between January 19, 2011 and October 21, 2013, inclusive (the "Class Period").
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The Complaint alleges that the defendants made materially false and misleading statements, including failing to disclose that Pretium lacked credible evidence demonstrating the quantity or quality of gold reserve estimates it claimed during the Class Period. That Pretium's gold estimates reported during the Class Period were not as reliable as it had led the market to believe. Finally, the complaint alleges that Pretium and its controlling shareholder sold more than $580 million of Pretium securities at artificially inflated prices. Thereafter, Pretium's stock plummeted approximately 30% on October 9, 2013 and 28% on October 11, 2013 when this information was revealed.
If you are a member of the class described above, you may, not later than December 24, 2013, move the Court to serve as a lead plaintiff of the class, if you so choose. If you purchased shares of Pretium stock during the Class Period and wish to discuss this action, you may e-mail or call the Law Office of Brodsky & Smith, LLC who will, without obligation or cost to you, answer your questions. Please contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 602, Bala Cynwyd, PA 19004, by e-mail at email@example.com, by visiting http://brodsky-smith.com/666-pvg-pretium-resources-inc.html,or calling toll free 877-LEGAL-90.
Brodsky & Smith, LLC is a litigation law firm with extensive expertise representing shareholders throughout the nation in securities and class action lawsuits. The attorneys at Brodsky & Smith have been appointed by numerous courts throughout the country to serve as lead counsel in class actions and successfully recovered millions of dollars for our clients and shareholders. Attorney advertising. Prior results do not guarantee a similar outcome.
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