SSRM NEWS: Johnson Fistel Encourages SSR Mining Investors to Seek Counsel Before Lead Plaintiff Class Action Deadline
The Denver office of Shareholder rights law firm Johnson Fistel, LLP, announces that a class action lawsuit has commenced on behalf of investors of SSR Mining, Inc. (NASDAQ: SSRM), a Denver headquartered company. The class action is on behalf of shareholders who purchased or otherwise acquired stock between February 23, 2022 and February 27, 2024 (the “Class Period”). Investors are hereby notified that they have until May 17, 2024, to move the Court to serve as lead plaintiff in this action.
On February 13, 2024, when SSR Mining stock fell 46% following a report that the Company halted all operations at its Copler gold mine in Turkey due to “a large slip on the heap leach pad”. Nine miners were missing; the Turkish government said it has launched an investigation into the incident. Then on February 18, 2024, the Company stated that Turkey’s government has revoked the Copler gold mine’s environmental permit, and the mine will remain suspended until further notice.
Then a class action complaint was filed alleging: (1) Defendants materially overstated SSR Mining’s commitment to safety and the efficacy of its safety measures; (2) SSR Mining engaged in unsafe mining practices which were reasonably likely to result in a mining disaster; and (3) as a result, defendants’ statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all times. When the true details entered the market, the lawsuit claims that investors suffered damages.
If you would like to review the complaint and join the class action, submit your information below:
There is no cost or obligation to you.
What can Investors Do: Shareholders who incurred losses during the class period, have until May 17, 2024, to move the court to become a lead plaintiff in this action. A lead plaintiff will act on behalf of all other class members in directing the class-action lawsuit. The lead plaintiff can select a law firm of its choice to litigate the class-action lawsuit. An investor’s ability to share any potential future recovery of the class action lawsuit is not dependent upon serving as lead plaintiff.
About Johnson Fistel, LLP:
Johnson Fistel, LLP is a nationally recognized shareholder rights law firm with offices in California, New York, Georgia, and Colorado. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. For more information about the firm and its attorneys, please visit http://www.johnsonfistel.com.
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Contact:
Johnson Fistel, LLP
501 W. Broadway, Suite 800, San Diego, CA 92101
James Baker, Investor Relations or Frank J. Johnson, Esq., (619) 814-4471
jimb@johnsonfistel.com or fjohnson@johnsonfistel.com