Class action against Barrick Gold

File photo: Marcopper's Tapian Pit, Marinduque

Barrick Gold Corporation Pascua-Lama securities class action

Steven Bodzin vs Barrick Gold Corporation, Aaron Regent, Jamie Sokalsky, Ammar Al-Joundi and Peter Kinver

On April 30, 2014, Trudel & Johnston launched a class action against Barrick Gold Corporation and four of its Directors and Senior Officers on behalf of the following class of investors:

All natural persons and legal persons, which in the 12 months previous to April 30, 2014 had fewer than 50 employees, who reside in Quebec and acquired securities of Barrick Gold Corporation from May 7, 2009 to November 1, 2013, except the Respondents, all officers and directors of Barrick during the class period, members of their immediate families and their legal representatives, heirs, successors or assigns, and any entity in which the excluded persons have a controlling interest now or during the class period;

The class action lawsuit seeks compensation for shareholders of Barrick Gold securities who purchased shares between May 7, 2009 and November 1, 2013. The plaintiff alleges that throughout that period, Barrick Gold failed to provide timely disclosure of material changes and made several misrepresentations regarding the progress, cost, and feasibility of its Pascua-Lama mine project located on the border between Chile and Argentina. See Trudel & Johnston

A similar case was filed against Barrick in the US for US shareholders and one in Ontario as well.