TORONTO--(BUSINESS WIRE)--
Strosberg Sasso Sutts LLP and Groia and Company Professional Corporation announced today that a proposed class action has been commenced against Lundin Mining Corporation (“Lundin”) (TSX: LUN) and some of the company’s officers and directors.
The proposed class action has been filed in the Ontario Superior Court of Justice on behalf of all persons, excluding certain persons associated with the defendants, who purchased or otherwise acquired securities of Lundin during the period from October 25, 2017 to November 29, 2017.
The plaintiff alleges that the defendants failed to disclose the instability, evacuation and subsequent rock slide at the company’s Calendaria mine. Once this information was revealed, the price of Lundin securities dropped significantly, causing substantial damages to holders of Lundin securities.
The plaintiff seeks $175 million in damages for negligent misrepresentation and liability for secondary market disclosure pursuant to Ontario’s Securities Act.
Securities holders wishing to obtain more information can visit https://www.strosbergco.com/class-actions/lundin/. If you would like to speak to someone about this lawsuit, please contact Jay Strosberg of Strosberg Sasso Sutts LLP at [email protected] or 1-519-561-6296.
Strosberg Sasso Sutts LLP is one of Canada's preeminent boutique litigation law firms. The firm has recovered more than $2 billion for its clients. For more information about the law firm, please visit www.strosbergco.com.
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