Press release
Investigation announced for Investors in shares of Turquoise Hill Resources Ltd. (NYSE: TRQ)
An investigation on behalf of current long term investors in Turquoise Hill Resources Ltd. (NYSE: TRQ) shares.
Investors who are current long term investors in Turquoise Hill Resources Ltd. (NYSE: TRQ) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm for current long term investors in NYSE: TRQ stocks follows a lawsuit filed against Turquoise Hill Resources Ltd. over alleged securities laws violations. The investigation on behalf of current long term investors in NYSE: TRQ stocks, concerns whether certain Turquoise Hill Resources directors are liable in connection with the allegations made in that lawsuit.
According to that complaint filed in the U.S. District Court for the Southern District of New York the plaintiff alleges that the defendants made false and/or misleading statements and/or failed to disclose that the progress of underground development at Oyu Tolgoi was not proceeding as planned, that there were significant undisclosed underground stability issues that called into question the design of the mine and the projected cost and timing of production, that Turquoise Hill’s publicly disclosed estimates of the cost, date of completion, and dates for production from the underground mine were not achievable, that the development capital required for the underground development of Oyu Tolgoi would cost substantially more than a billion dollars over what Turquoise Hill had represented, and that Turquoise Hill would require additional financing and/or equity to complete the project.
Those who purchased shares of Turquoise Hill Resources Ltd. (NYSE: TRQ) have certain options and should contact the Shareholders Foundation.
Media Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
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