NEW YORK, July 26, 2013 (GLOBE NEWSWIRE) -- Faruqi & Faruqi, LLP, a leading national securities law firm, reminds investors in Barrick Gold Corporation ("Barrick" or the "Company") (NYSE:ABX) of the August 5, 2013 deadline to seek the role of lead plaintiff in a federal securities class action lawsuit filed against the Company and certain executives.
A complaint has been filed on behalf of all persons who purchased Barrick publicly-traded stock between May 7, 2009 and May 23, 2013 (the "Class Period").
The complaint alleges that the Company and its executives violated federal securities laws with respect to its disclosures concerning business, operational, and compliance policies. Specifically, the action alleges that Barrick omitted material information regarding the cost and environmental impact of the Company's Pascua-Lama Project, which is located on the border between Argentina and Chile.
On May 24, 2013, the Company announced that it had received a resolution from Chile's Superintendence of the Environment, suspending the Pascua-Lama Project due to environmental problems and imposing a fine of approximately $16 million. Following this news, Barrick's stock priced dropped nearly 65% from its Class Period high.
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If you invested in Barrick stock, bonds or options between May 7, 2009 and May 23, 2013 and would like to discuss your legal rights, visit www.faruqilaw.com/ABX. You can also contact us by calling Richard Gonnello or Francis McConville toll free at 877-247-4292 or at 212-983-9330 or by sending an e-mail to email@example.com or firstname.lastname@example.org. Faruqi & Faruqi, LLP also encourages anyone with information regarding Barrick's conduct to contact the firm, including whistleblowers, former employees, shareholders and others.
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CONTACT: FARUQI & FARUQI, LLP 369 Lexington Avenue, 10th Floor New York, NY 10017 Attn: Richard Gonnello, Esq. email@example.com Francis McConville, Esq. firstname.lastname@example.org Telephone: (877) 247-4292 or (212) 983-9330Source:Faruqi & Faruqi LLP