SHAREHOLDER ALERT: Brower Piven Encourages Investors Who Have Losses in Excess
of $200,000 From Investment in Barrick Gold Corporation to Contact Brower
Piven Before the August 5, 2013 Lead Plaintiff Deadline -- ABX
STEVENSON, Md., June 10, 2013 (GLOBE NEWSWIRE) -- Brower Piven, A Professional
Corporation announces that a class action lawsuit has been commenced in the
United States District Court for the Southern District of New York on behalf
of purchasers of Barrick Gold Corporation ("Barrick" or the "Company")
(NYSE:ABX) common stock during the period between May 7, 2009 and May 23,
2013, inclusive (the "Class Period").
If you have suffered a net loss from investment in Barrick Gold Corporation
common stock purchased on or after May 7, 2009, and held through any of the
revelations of negative information on April 10, 2013, and/or May 24, 2013, as
described below, you may obtain additional information about this lawsuit and
your ability to become a lead plaintiff by contacting Brower Piven at
www.browerpiven.com, by email at email@example.com, by calling
410/415-6616, or at Brower Piven, A Professional Corporation, 1925 Old Valley
Road, Stevenson, Maryland 21153. Attorneys at Brower Piven have combined
experience litigating securities and class action cases of over 60 years.
No class has yet been certified in the above action. Members of the Class will
be represented by the lead plaintiff and counsel chosen by the lead
plaintiff.If you wish to choose counsel to represent you and the Class, you
must apply to be appointed lead plaintiff no later than August 5, 2013 and be
selected by the Court.The lead plaintiff will direct the litigation and
participate in important decisions including whether to accept a settlement
and how much of a settlement to accept for the Class in the action. The lead
plaintiff will be selected from among applicants claiming the largest loss
from investment in the Company during the Class Period.
The complaint accuses the defendants of violations of the Securities Exchange
Act of 1934 by virtue of the defendants' failure to disclose during the Class
Period thatthe cost of bringing the Company's Pascua-Lama Project
("Pascua-Lama" or "Project") into production far exceeded the amount Barrick
had publicly estimated and that environmental and other matters would never
enable production at Pascua-Lama within the timeframe projected by the
Company. According to the complaint, following April 10, 2013 news reports
that the Appeals Court of Copiapo, Chile had issued an order suspending work
on Pascua-Lama, and the May 24, 2013 resolution issued by Chile's
Superintendence of the Environment that suspended the Project pending
compliance with an environmental permit and imposed a fine equivalent to $16
million, the value of Barrick shares declined significantly.
If you choose to retain counsel, you may retain Brower Piven without financial
obligation or cost to you, or you may retain other counsel of your choice.
You need take no action at this time to be a member of the class.
CONTACT: Charles J. Piven
Brower Piven, A Professional Corporation
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