WiseTech Global Denies Knowledge of Investigation Into Founder Richard White 
Apollo Debt Solutions Limits Redemptions as Withdrawal Requests Surge 
Micron Stock Surges on Strong AI Demand, Record Revenue, and Bullish Q4 Forecast 
Nike CFO Shake-Up Fuels Concerns Over Turnaround Strategy 
Tencent Reviews Marvelous Stake as Gaming Giant Reassesses Global Investment Strategy 
Heineken Names JDE Peet’s CEO Rafael Oliveira as New Chief Executive 
Samsung Electronics Stock Surges on Report of Massive $59 Billion Share Buyback Plan 
California Drivers Sue BP, Walmart, 7-Eleven Over Alleged AI Gas Price Fixing 
DOJ Opens Investigation Into NYC Coffee Shop Over Anti-Goldman Social Media Post 
SpaceX Stock Plunges 16% as KeyBanc Warns Valuation May Be Overstretched 
Trump’s Quantum Push Lifts IBM Stock as CEO Arvind Krishna Receives White House Praise 
Anthropic AI Model Uncovers Vulnerabilities in Classified U.S. Government Systems During Security Test 
Pelosi Discloses Major Intel and Uber Call Option Purchases Worth Up to $6 Million 
Tesla and NatPower Partner on $5 Billion Battery Storage Expansion in Europe 
SpaceX Stock Rebounds After Sharp Selloff, But Valuation Concerns Persist 
Alphabet Stock Slides as AI Talent Exodus and SpaceX Losses Shake Investor Confidence 
Cerebras Revenue Forecast Tops Expectations, but Margin Concerns Weigh on Stock 
WILMINGTON, Del., Feb. 17, 2016 -- Rigrodsky & Long, P.A.:
- Do you, or did you, own shares of Primero Mining Corp. (NYSE:PPP)?
- Did you purchase your shares between October 5, 2012 and February 3, 2016, inclusive?
- Did you lose money in your investment?
Rigrodsky & Long, P.A. announces that a complaint has been filed in the United States District Court for the Central District of California on behalf of all persons or entities that purchased the common stock of Primero Mining Corp. (“Primero” or the “Company”) (NYSE:PPP) between October 5, 2012 and February 3, 2016, inclusive (the “Class Period”), alleging violations of the Securities Exchange Act of 1934 against the Company and certain of its officers (the “Complaint”).
If you purchased shares of Primero during the Class Period, and wish to discuss this action or have any questions concerning this notice or your rights or interests, please contact Timothy J. MacFall, Esquire or Peter Allocco of Rigrodsky & Long, P.A., 2 Righter Parkway, Suite 120, Wilmington, DE 19803 at (888) 969-4242; by e-mail to [email protected]; or at: http://rigrodskylong.com/investigations/primero-mining-corp-ppp.
The Complaint alleges that throughout the Class Period, defendants made materially false and misleading statements, and omitted materially adverse facts, about the Company’s business, operations and prospects. As a result of defendants’ alleged false and misleading statements, the Company’s stock traded at artificially inflated prices during the Class Period.
According to the Complaint, on February 3, 2016, Primero disclosed that its Mexican subsidiary, Primero Empresa Minera, S.A. de C.V., received a legal claim from the Mexican tax authorities, Servicio de Administración Tributaria (“SAT”), seeking to nullify the Advance Pricing Agreement issued by SAT in 2012.
On this news, shares of Primero dropped over 28%, closing at $1.89 per share on February 4, 2015, on heavy trading volume.
If you wish to serve as lead plaintiff, you must move the Court no later than April 15, 2016. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. Any member of the proposed class may move the court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member.
Attorney advertising. Prior results do not guarantee a similar outcome.
CONTACT: Rigrodsky & Long, P.A. Timothy J. MacFall, Esquire Peter Allocco (888) 969-4242 (516) 683-3516 Fax: (302) 654-7530 [email protected] http://www.rigrodskylong.com
