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TRQ.US
id: 1626

Turquoise Hill (TRQ) $138.75M Investor Settlement

$138,750,000
Cash Settlement
S.D. New York
Court
1:20-cv-08585
Case number
07/17/2018
Class period Start
07/31/2019
Class period End
09/24/2025
Claim deadline
Turquoise Hill ($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

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