Class action being launched regarding Goldcorp shareholders 2014-2016

October 14, 2016 7:03 pm Published by

Class action being launched regarding Goldcorp shareholders 2014-2016

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Goldcorp Class Action

Merchant Law Group LLP is preparing a class action lawsuit on behalf of common shareholder investors against Goldcorp, Inc. (“Goldcorp” or the “Company”) and certain of its officers. This Canadian class action is on behalf of a class consisting of all persons, corporations or other entities who purchased Goldcorp securities (G.TO) (TSE:G) between March 31, 2014 and August 24, 2016, inclusive (the “Class Period”).

This class action litigation will assert that throughout the Class Period, defendants made materially false and/or misleading statements and/or failed to disclose, inter alia, that: (1) levels of the mineral selenium rose in one groundwater monitoring well near the Peñasquito Mine as early as October 2013; (2) in October 2014, Goldcorp reported a rise in selenium levels in groundwater to the Mexican government after the contamination near the Peñasquito Mine waste facility intensified; (3) in August 2016, Goldcorp told Mexican regulators that contaminated water had also been found in other areas near the Peñasquito Mine; and (4) consequently, the company’s public statements were materially false and misleading at all relevant times.

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