Apple Faces Margin Pressure as Memory Chip Prices Surge Amid AI Boom 
SpaceX Updates Starlink Privacy Policy to Allow AI Training as xAI Merger Talks and IPO Loom 
Apple Forecasts Strong Revenue Growth as iPhone Demand Surges in China and India 
US Judge Rejects $2.36B Penalty Bid Against Google in Privacy Data Case 
Elon Musk’s SpaceX Explores Merger Options With Tesla or xAI, Reports Say 
Nvidia Confirms Major OpenAI Investment Amid AI Funding Race 
Jensen Huang Urges Taiwan Suppliers to Boost AI Chip Production Amid Surging Demand 
Elon Musk’s Empire: SpaceX, Tesla, and xAI Merger Talks Spark Investor Debate 
Chinalco and Rio Tinto Acquire Controlling Stake in Brazil’s CBA for $903 Million 
Disney Board Nears CEO Decision as Josh D’Amaro Emerges as Leading Candidate 
Panama Supreme Court Voids Hong Kong Firm’s Panama Canal Port Contracts Over Constitutional Violations 
OpenAI Reportedly Eyes Late-2026 IPO Amid Rising Competition and Massive Funding Needs 
Oracle Plans $45–$50 Billion Funding Push in 2026 to Expand Cloud and AI Infrastructure 
Apple Earnings Beat Expectations as iPhone Sales Surge to Four-Year High 
Using the Economic Calendar to Reduce Surprise Driven Losses in Forex 
LOS ANGELES, May 30, 2017 -- Lundin Law PC, a shareholder rights firm, announces a class action lawsuit against Barrick Gold Corporation (“Barrick” or the “Company”) (NYSE:ABX) for possible violations of federal securities laws between February 16, 2017 through April 24, 2017 inclusive (the “Class Period”). Investors who purchased or otherwise acquired shares during the Class Period should contact the firm prior to the July 10, 2017 lead plaintiff motion deadline.
To participate in this class action lawsuit, click here.
You can also call Brian Lundin, Esq., of Lundin Law PC, at 888-713-1033, or you can e-mail him at [email protected].
No class has been certified in the above action yet. Until a class is certified, you are not considered represented by an attorney. You may also do nothing and be an absent class member.
According to the Complaint, throughout the Class Period, Barrick made materially false and/or misleading statements, and failed to disclose: that the pipes and safety systems at the Veladero mine were not robust enough to prevent gold-bearing solution spills; that Argentinian authorities would restrict the addition of cyanide to the Veladero mine's heap leach facility and require remedial work; that these developments would impact the production capacity of the Veladero mine; that as a result of the above, Barrick's Veladero mine production guidance and total gold production guidance were overstated; and that as a result of the above, the Company’s statements about its business, operations, and prospects, were false and misleading and/or lacked a reasonable basis at all relevant times.
On April 24, 2017, Barrick revised its full year guidance, stating that "[f]ull-year gold production is now expected to be 5.3-5.6 million ounces, down from our previous range of 5.6-5.9 million ounces." Barrick attributed about two-thirds of the decrease to the planned sale of 50% of its Veladero mine. The Company also revised Veladero-specific guidance, forecasting full-year production at Veladero of 630,000-730,000 ounces, compared to its previously-issued guidance of 770,000-830,000 ounces. Following this news, Barrick’s shares dropped in value materially, which harmed investors according to the Complaint.
Lundin Law PC was founded by Brian Lundin, a securities litigator based in Los Angeles dedicated to upholding shareholders’ rights.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethics rules.
Contact: Lundin Law PC Brian Lundin, Esq. Telephone: 888-713-1033 Facsimile: 888-713-1125 [email protected] http://lundinlawpc.com/
