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TAHO.US

id: 878

Tahoe Resources Inc. (TAHO) $19.5M Investor Settlement

The settlement funds have been distributed to claimants.

$19,500,000

Cash Settlement

D. Nevada

Court

2:17-cv-01868

Case number

04/03/2013

Class period Start

08/24/2017

Class period End

02/01/2024

Claim deadline

Tahoe Resources Inc. (TAHO) settles $19.5 million with investors to end claims over alleged concealing material facts about the Escobal mining project.

Case Type

US Securities Class Action

Case Status

Disbursed

Alleged Offence

Misleading Statements,

Financial Misrepresentation,

Failure to Disclose,

Omissions

Suspected Party

Directors,

Management

Security Type

Stocks

Trade Direction

Long

Payout per Share

0.093

Filing date

07/07/2017

Lead Plaintiff Deadline

09/05/2017

Plaintiffs

Tiffany Huynh, as executor for the estate of Kevin Nguyen

Attorneys

Faruqi & Faruqi LLP (New York, NY), Muckleroy Lunt, LLC (Las Vegas, NE)

Defendants

Ronald W. Clayton, C. Kevin McArthur, Mark T. Sadler, Edie Hofmeister

Judge

Hon. Nicholas G. Garaufis

Administrator

EPIQ

Settlement agreement date

2023-05-25

Court hearing date

02/09/2024

Exclusion deadline

01/18/2024

Objection deadline

01/18/2024

Hearing deadline

01/18/2024

Trades matching type

FIFO

Disbursement date

05/30/2025

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