BALA CYNWYD, Pa., April 13, 2016 /PRNewswire/ -- Law Office of Brodsky & Smith, LLC announces an investigation Primero Mining Corp. ("Primero Mining" or the "Company") (NYSE -PPP- News) for potential violations of federal securities laws and breaches of the Primero Mining Board's fiduciary duties.
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The investigation concerns a securities class action lawsuit commenced in the United States District Court for the Central District of California. The complaint alleges that the Defendants made false and misleading statements including failing to disclose material facts about tax compliance at Primero Mining's Mexican subsidiary. As a result, the Defendants public statements were materially false and misleading at all relevant times. Following the disclosure that the Mexican tax authorities were seeking to nullify the Advanced Pricing Agreement issued by SAT, shares of Primero Mining stock declined significantly.
If you purchased shares of Primero Mining between October 5, 2012 and February 3, 2016, and wish to discuss the investigation, or if you have any questions, you may e-mail or call the law office of Brodsky & Smith, LLC by April 15, 2016, who will, without obligation or cost to you, attempt to answer your questions. You may 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 firstname.lastname@example.org, by visiting http://brodsky-smith.com/1059-ppp-primero-mining-corp.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.
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SOURCE Brodsky & Smith, LLC