Sibanye Gold Limited
0 DAYS LEFT TO SEEK LEAD PLAINTIFF STATUS
Case Summary | |
Company Name: | Sibanye Gold Limited |
Stock Symbol : | NYSE: SBGL |
Class Period Start: | 04/07/2017 |
Class Period End: | 06/26/2018 |
Lead Plaintiff motion: | 08/27/2018 |
Date Filed: | 06/27/2018 |
Type of Case: | Securities Class Action |
Court: | U.S. District Court for the Eastern District of New York |
Summary: | Thieler Law Corp advises investors with losses exceeding $100,000 of the August 27, 2018 lead plaintiff deadline in a class action lawsuit filed against Sibanye Gold Limited (NYSE: SBGL) (“Sibanye” or “the Company”). The suit is pending in the U.S. District Court for the Eastern District of New York and investors, who purchased Sibanye Gold Limited securities between April 7, 2017 and June 26, 2018, have until August 27, 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 Sibanye Gold 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 mail@thielerlaw.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 Sibanye’s culture places short-term profits over safety; consequently, almost half of South Africa’s 2018 mining fatalities occurred in Sibanye mines; and as a result, defendants’ statements about Sibanye’s business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times. June 26, 2018, Bloomberg reported that "another worker was killed at [Sibanye's] Driefontein operation in South Africa, bringing the total deaths at the company's mines this year to 21." Furthermore, Sibanye "accounts for nearly half of the 46 people reported killed at South African mines in 2018 and is already the subject of an investigation by the chief inspector of mines." Following this news, NYSE: SBGL fell $0.31, or 10.99%, to close at $2.51 on June 26, 2018. If you were negatively impacted by your investment in Sibanye Gold Limited securities between April 7, 2017 and June 26, 2018 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. Thieler Law Corp purchases advertisements on search engines, social media sites and other websites. If you send us information, note that does not create an attorney-client relationship with the firm. Thieler Law Corp 2534 State Street - Suite 406, San Diego, CA 92101 by email: mail@thielerlaw.com or telephone at +1 (619) 377 - 4324 or visit our website http://www.thielerlaw.com/ or Facsimile: +1 (619) 785 – 3185 |