Gatos Silver ($GATO) CAD $3M Investor Settlement

$3,000,000

Cash Settlement

CV-22-00676682-00CP

Case number

10/28/2020

Class period Start

01/25/2022

Class period End

Gatos Silver ($GATO) has agreed to settle with investors for CAD $3M to resolve claims that they overstated the mineral reserves at Gatos’ sole producing mine, leading to significant share price declines.

Case Type

Canadian Securities Class Action

Case Status

Distribution Started

Alleged Offence

Misleading Statements,

Financial Misrepresentation,

Failure to Disclose

Suspected Party

Management

Security Type

Stocks

Trade Direction

Long

Plaintiffs

Izabela Przybylska

Attorneys

Siskinds LLP

Defendants

Stephen Orr ; Roger Johnson ; Philip Pyle

Trades matching type

FIFO