PARAMOUNT GOLD AND SILVER CORP. SHAREHOLDER ALERT: Faruqi & Faruqi, LLP Announces the Investigation of Paramount Gold and Silver Corp. Over the Proposed Sale of the Company to Coeur Mining, Inc. - PZG
Juan E. Monteverde, a partner at Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Paramount Gold and Silver Corp. (“Paramount” or the “Company”) (NYSE MKT: PZG) for potential breaches of fiduciary duties in connection with the sale of the Company to Coeur Mining, Inc. for approximately $140 million. The Company’s stockholders will receive 0.2016 Coeur shares for each share of Paramount common stock they own. Additionally, Paramount stockholders will receive a pro rata share of the 95.1% of SpinCo shares to be distributed to Paramount stockholders.
The investigation focuses on whether Paramount’s Board of Directors breached their fiduciary duties to the Company’s stockholders by failing to conduct a fair sales process and whether and by how much this proposed transaction undervalues the Company to the detriment of Paramount’s shareholders.
Faruqi & Faruqi, LLP is a national law firm which represents investors and individuals in class action litigation. The firm is focused on providing exemplary legal services in complex litigation in the areas of securities, shareholder, antitrust and consumer litigation, throughout all phases of litigation. The firm has an experienced trial team which has achieved significant victories on behalf of the firm’s clients. To keep track of the latest securities litigation news, follow us on Twitter at www.twitter.com/MergerActivity or on Facebook at www.facebook.com/FaruqiLaw.
If you own common stock in Paramount and wish to obtain additional information and protect your investments free of charge, please contact Juan E. Monteverde, Esq. either via e-mail at email@example.com or by telephone at (877) 247-4292 or (212) 983-9330.
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