Investigation announced for Investors in shares of Kirkland Lake Gold Ltd. (NYSE: KL)
An investigation on behalf of current long term investors in Kirkland Lake Gold Ltd. (NYSE: KL) shares.
An investigation was announced concerning potential breaches of fiduciary duties by certain directors and officers of Kirkland Lake Gold Ltd.
Investors who are current long term investors in Kirkland Lake Gold Ltd. (NYSE: KL) shares, have certain options and should contact the Shareholders Foundation at [email protected] or call +1(858) 779 – 1554.
The investigation by a law firm for current long term investors in NYSE: KL stocks follows a lawsuit filed against Kirkland Lake Gold Ltd. (over alleged securities laws violations. The investigation on behalf of current long term investors in NYSE: KL stocks, concerns whether certain Kirkland Lake Gold 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 Kirkland lacked adequate internal controls over financial reporting, especially as it relates to its projections of risks, reserve grade, and all-in sustaining costs, that as a result of the known, but undisclosed, impending acquisition of Detour Gold Corporation, the Company’s projections relating to its risks, reserve grade, and all-in sustaining costs were false and misleading, that the Company’s financial statements and projections were not fairly presented in conformity with International Financial Reporting Standards, and that based on the foregoing, defendants lacked a reasonable basis for their positive statements about the Company’s business, operations, and prospects and/or lacked a reasonable basis and omitted material facts. When the true details entered the market, the lawsuit claims that investors suffered damages.
Those who purchased shares of Kirkland Lake Gold Ltd. (NYSE: KL) have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
3111 Camino Del Rio North
San Diego, CA 92108
E-Mail: [email protected]
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.
This release was published on openPR.
Originally Published on : https://www.openpr.com/news/2164556/investigation-announced-for-investors-in-shares-of-kirkland
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