NEW YORK, Dec. 16, 2013 (GLOBE NEWSWIRE) -- Morgan & Morgan reminds shareholders of the upcoming deadline involving a securities fraud class action lawsuit. Complaints were filed in the United States District Court for the Southern District of New York on behalf of purchasers of Pretium Resources Inc. ("Pretium") (NYSE:PVG) securities during the period between January 19, 2011 and October 21, 2013, inclusive. ("Class Period").
If you purchased Pretium during the Class Period, you may, no later than December 24, 2013, request that the Court appoint you lead plaintiff of the proposed class. A lead plaintiff is a representative party that acts on behalf of other class members in directing the litigation. Any member of the purported 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.
The Complaints allege that Defendants made materially false and/or misleading statements, regarding the Company's mineral resources, probable reserves, and the mine's life. Specifically, Defendants: 1) did not properly measure resources or probable reserves contained within the ore located at the Valley of Kings mining zone at the Brucejack Project; 2) failed to disclose that its sampling methods were not in conformance with industry standards; and 3) misled investors about the life of the mine.
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