NEW YORK, Nov. 15, 2013 /PRNewswire/ -- Pomerantz Grossman Hufford Dahlstrom & Gross LLP is investigating claims on behalf of investors of Turquoise Hill Resources ("Turquoise Hill" or the "Company")(NYSE: TRQ). Such investors are advised to contact Lesley F. Portnoy at firstname.lastname@example.org or 888-476-6529, ext. 237.
The investigation concerns whether Turquoise Hill and certain of its officers and/or directors have violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934. On November 8, 2013, Turquoise Hill announced that it would restate its consolidated financial results for the years ended December 31, 2010, 2011, 2012 and the affected quarters, including 2013. The Company plans to effect this restatement by filing restated annual consolidated financial statements and management's discussion and analysis ("MD&A") for the year ended December 31, 2012, including comparative periods presented therein.
On this news, shares of Turquoise Hill fell $0.15 per share to more than 3.00% on intraday trading to a price of $4.93 on November 8, 2013.
The Pomerantz Firm, with offices in New York, Chicago, San Diego and Florida, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 70 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com.
Lesley F. Portnoy
Pomerantz Grossman Hufford Dahlstrom & Gross LLP
SOURCE Pomerantz Grossman Hufford Dahlstrom & Gross LLP