The lawsuit focuses on whether the Company and its executives violated federal securities laws by failing to disclose the severity of selenium levels in groundwater around its Peñasquito Mine in Mexico.
Specifically, on August 24, 2016, Reuters reported that Mexican regulators were examining whether Goldcorp broke reporting or disclosure regulations in its handling of a long-running leak of contaminated water at the Peñasquito Mine that had been occurring as early as October 2013.
After the announcement, Goldcorp's share price fell from $17.69 per share on August 23, 2016 to a closing price of $16.05 on August 24, 2016 —a $1.64 or a 9.27% drop.
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If you invested in Goldcorp stock or options between March 31, 2014 and August 24, 2016 and would like to discuss your legal rights, visit www.faruqilaw.com/GG. You can also contact us by calling Richard Gonnello toll free at 877-247-4292 or at 212-983-9330 or by sending an e-mail to email@example.com. Faruqi & Faruqi, LLP also encourages anyone with information regarding Goldcorp's conduct to contact the firm, including whistleblowers, former employees, shareholders and others.
The court-appointed lead plaintiff is the investor with the largest financial interest in the relief sought by the class that is adequate and typical of class members who directs and oversees the litigation on behalf of the putative class. Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member. Your ability to share in any recovery is not affected by the decision of whether or not to serve as a lead plaintiff.
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