Katanga Mining Limited
0 DAYS LEFT TO SEEK LEAD PLAINTIFF STATUS
|Company Name:||Katanga Mining Limited|
|Stock Symbol :||OTCMKTS: KATFF|
|Class Period Start:||02/11/2016|
|Class Period End:||11/19/2017|
|Lead Plaintiff motion:||01/29/2018|
|Type of Case:||Securities Class Action|
|Court:||U.S. District Court for the District of New Jersey|
Thieler Law Corp advises investors with losses exceeding $100,000 of the January 29, 2018 lead plaintiff deadline in a class action lawsuit filed against Katanga Mining Limited (OTCMKTS: KATFF) (“Katanga” or “the Company”). The suit is pending in the U.S. District Court for the District of New Jersey and investors, who purchased Katanga Mining Limited securities between February 11, 2016 and November 19, 2017, have until January 29, 2018 to move for lead plaintiff. You do not need to move for lead plaintiff to be a member of the Class.
If you purchased Katanga Mining Limited securities during the Class Period, and have losses over $100,000, you may contact Thieler Law Corp by calling at (619) 377 - 4324 or emailing email@example.com . No class has been certified in this case, and if your losses are less than $100,000 you are still a member of the class.
The complaint alleges that during the Class Period defendants made false and misleading statements and/or allegedly failed to disclose that Katanga engaged in improper accounting practices; there were material weaknesses in Katanga's internal control over financial reporting; and consequently, Katanga's public statements were materially false and misleading at all relevant times.
On November 20, 2017, the Company revealed the resignation of three executives of Glencore plc, Katanga's parent company, from Katanga's board of directors after an internal review found "material weaknesses" in the Company's financial reporting controls.
Following this news, shares of the Company fell $0.23 per share or over 23% over three trading days to close at $0.75 per share on November 22, 2017.
If you were negatively impacted by your investment in Katanga Mining Limited securities between February 11, 2016 and November 19, 2017 and would like to learn more about this lawsuit and your ability to participate as a lead plaintiff, please contact us for your no-cost evaluation.
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