NEW YORK, July 7, 2017 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Tahoe Resources Inc. ("Tahoe" or the "Company") (NYSE: TAHO). Such investors are advised to contact Robert S. Willoughby at rswilloughby@pomlaw.com or 888-476-6529, ext. 9980.
The investigation concerns whether Tahoe and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
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On July 6, 2017, Tahoe disclosed that the Supreme Court of Guatemala had issued a provisional decision suspending the Escobal mining license of Minera San Rafael, a Tahoe subsidiary, in connection with a legal action brought by the human rights organization Centro de Acción Legal Ambiental y Social de Guatemala ("CALAS") against Guatemala's Ministry of Energy and Mines ("MEM"). CALAS alleges that MEM violated the Xinca indigenous people's right of consultation prior to granting the Escobal mining license.
On this news, Tahoe's share price fell $2.74, or 33.01%, to close at $5.56 on July 6, 2017, damaging investors.
The Pomerantz Firm, with offices in New York, Chicago, Florida, and Los Angeles, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 80 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com
CONTACT:
Robert S. Willoughby
Pomerantz LLP
rswilloughby@pomlaw.com
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SOURCE Pomerantz LLP
