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EQUITY ALERT: The Rosen Law Firm Announces Filing of Securities Fraud Class Action Against Allied Nevada Gold Corp. -- ANV

NEW YORK, April 3, 2014 (GLOBE NEWSWIRE) -- The Rosen Law Firm announces the filing of a class action lawsuit on behalf of all purchasers of the common stock of Allied Nevada Gold (NYSE MKT:ANV) common stock during the period from January 18, 2013 through August 5, 2013 (the "Class Period").

To join the Allied Nevada class action, go to the website at http://rosenlegal.com or call Phillip Kim, Esq. or Kevin Chan, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or kchan@rosenlegal.com for information on the class action.

NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU MAY ALSO REMAIN AN ABSENT CLASS MEMBER AND DO NOTHING AT THIS POINT. YOU MAY RETAIN COUNSEL OF YOUR CHOICE.

According to the lawsuit, defendants misstated or failed to disclose operating defects and deficiencies concerning the Company's Lewis Leach Pad, that rendered defendants' positive statements about Allied Nevada's Leach Pad solutions processing capacity, the Hycroft Mine mill expansion, and the Company's expected gold and silver production and its expected operating income and cash flows—materially false and misleading. The lawsuit claims that when these truth facts became known, the value of the Company's stock dropped, damaging investors.

A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than June 2, 2104. If you wish to join the litigation or to discuss your rights or interests regarding this class action, please contact, Phillip Kim, Esq. or Kevin Chan, Esq. of The Rosen Law Firm toll free at 866-767-3653 or via e-mail at pkim@rosenlegal.com or kchan@rosenlegal.com.

The Rosen Law Firm focuses on prosecuting securities class action litigation and actions involving financial fraud. The Rosen Law Firm represents investors throughout the globe.

CONTACT: Laurence Rosen, Esq. Phillip Kim, Esq. Kevin Chan, Esq. The Rosen Law Firm P.A. 275 Madison Avenue 34th Floor New York, New York 10016 Tel: (212) 686-1060 Toll Free: 1-866-767-3653 Fax: (212) 202-3827 lrosen@rosenlegal.com kchan@rosenlegal.com pkim@rosenlegal.com www.rosenlegal.comSource: The Rosen Law Firm PA PC