The Globe and Mail

Go to the Globe and Mail homepage

Jump to main navigationJump to main content

Globe Investor

News Sources

Take control of your investments with the latest investing news and analysis

Press release from PR Newswire

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Turquoise Hill Resources Ltd - TRQ

Friday, November 15, 2013

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Turquoise Hill Resources Ltd - TRQ

16:28 EST Friday, November 15, 2013

NEW YORK, Nov. 15, 2013 /PRNewswire/ -- Pomerantz Grossman Hufford Dahlstrom & Gross LLP is investigating claims on behalf of investors of Turquoise Hill Resources ("Turquoise Hill" or the "Company")(NYSE: TRQ).  Such investors are advised to contact Lesley F. Portnoy at lfportnoy@pomlaw.com or 888-476-6529, ext. 237.

The investigation concerns whether Turquoise Hill and certain of its officers and/or directors have violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934.  On November 8, 2013, Turquoise Hill announced that it would restate its consolidated financial results for the years ended December 31, 2010, 2011, 2012 and the affected quarters, including 2013. The Company plans to effect this restatement by filing restated annual consolidated financial statements and management's discussion and analysis ("MD&A") for the year ended December 31, 2012, including comparative periods presented therein.

On this news, shares of Turquoise Hill fell $0.15 per share to more than 3.00% on intraday trading to a price of $4.93 on November 8, 2013.

The Pomerantz Firm, with offices in New York, Chicago, San Diego and Florida, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 70 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com.

CONTACT:Lesley F. PortnoyPomerantz Grossman Hufford Dahlstrom & Gross LLPlfportnoy@pomlaw.com

SOURCE Pomerantz Grossman Hufford Dahlstrom & Gross LLP

Products
  • The Globe and Mail Newspaper

    Newspaper delivered to your doorstep. subscribe

  • Globe Unlimited

    Digital all access pass across devices. subscribe

  • The Globe and Mail App

    The New Globe and Mail App for iPhone®, iPad® and Apple Watch download

  • Globe2Go

    The digital replica of our newspaper. subscribe

  • Globe eBooks

    A collection of articles by the Globe. subscribe

See all Globe Products

Advertise with us

GlobeLink.ca

Your number one partner for reaching Canada's Influential Achievers. learn more

The Globe at your Workplace
Our Company
Secure Service
Customer Service
Advertising Privacy
Globe Recognition
Mobile Apps
NEWS APP
Other Sections