Step 1
Draft
Step 2
Unite with Fellow Investors
Step 3
Choose the Best Attorney
Step 4
Provide Documents
Step 5
Follow Case Progress
Step 6
Get Payout
TRQ.US
id: 1626
Turquoise Hill (TRQ) $138.75M Investor Settlement
$138,750,000
Cash SettlementS.D. New York
Court1:20-cv-08585
Case number07/17/2018
Class period Start07/31/2019
Class period End09/24/2025
Claim deadlineTurquoise Hill ($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
Distribution Preparation
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
Court hearing date
10/15/2025
Exclusion deadline
09/24/2025
Objection deadline
09/24/2025
Attorney fee
$20,637,500
Trades matching type
FIFO
Frequently Asked Questions
Who is eligible for this settlement?
Do I have to sell securities to be eligible?
How long does the payout process take?
How much will my payment be?
How to get your payout?
What is 11th.com?
Trusted by industry leaders
Endorsed by top professionals who trust our innovative solutions to drive impactful results.