TRQ.US
id: 1626
Turquoise Hill (TRQ) $138.75M Investor Settlement
The court has approved the settlement.
$138,750,000
Cash SettlementS.D. New York
Court1:20-cv-08585
Case number07/17/2018
Class period Start07/31/2019
Class period EndTurquoise Hill ($TRQ) has agreed to a $138.75 million settlement to resolve claims that it misled investors about the cost and timeline of the Oyu Tolgoi underground mine expansion in Mongolia.
Case Type
US Securities Class Action
Case Status
Preliminary Approved Settlement
Alleged Offence
Misleading Statements,
Financial Misrepresentation,
Failure to Disclose,
Omissions
Suspected Party
Directors,
Management,
Investment Bank
Security Type
Stocks
Trade Direction
Long
Payout per Share
0.21
Filing date
10/14/2020
Plaintiffs
Pentwater Capital Management LP
Attorneys
Bernstein Litowitz Berger & Grossmann LLP
Defendants
Jean-Sébastien Jacques; Arnaud Soirat
Administrator
JND Legal Administration
Attorney fee
$20,637,500
Trades matching type
FIFO
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