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Tahoe Resources Inc. (TAHO)



Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses Exceeding $100,000 In Tahoe Resources Inc. To Contact The Firm

Faruqi & Faruqi, LLP, a leading national securities law firm, reminds investors in Tahoe Resources Inc. (“Tahoe”) or the “Company”) (NYSE:TAHO) of the September 5, 2017 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company.

If you invested in Tahoe stock or options between April 13, 2013 and July 5, 2017 and would like to discuss your legal rights, please fill out the form below.  There is no cost or obligation to you. You can also contact us by calling Richard Gonnello toll free at 877-247-4292 or at 212-983-9330 or by sending an e-mail to rgonnello@faruqilaw.com. 

The lawsuit has been filed in the U.S. District Court for the Southern District of New York on behalf of all those who purchased Tahoe securities between April 13, 2013 and July 5, 2017 (the “Class Period”).  The case, Cabrera Jr. v. Tahoe Resources Inc. et al. No. 1:17-cv-05155 was filed on July 7, 2017.

The lawsuit focuses on whether the Company and its executives violated federal securities laws by failing to disclose material adverse information regarding its Escobal mining operation in Guatemala. In particular, the lawsuit alleges that the Company failed to disclose that the consultation obligations regarding its Escobal mining license had not been met, that this failure had the potential to subject its mining license to suspension, and that as a result revenue associated with the Escobal mine was unlikely to be sustainable.

Specifically, after market close on July 5, 2017, the Company announced that the Supreme Court of Guatemala issued a provisional order suspending its license to operate the Escobal mine. The suspension followed a legal action taken against Guatemala’s Ministry of Energy and Mines for violating the indigenous Xinca people’s right of consultation prior to granting the Company its mining license.

Following this news, Tahoe’s share price fell from its previous close of $8.30 per share on July 5, 2017, to a closing price of $5.56 on July 6, 2017—a $2.74 or a 33.01% drop.

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  • Case:
    Tahoe Resources Inc. (TAHO)

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Contact Counsel

Richard W. Gonnello
Faruqi & Faruqi, LLP
685 Third Avenue 26th Floor
New York, NY 10017
Tel: (212) 983-9330


Case Details


  • 07/06/2017

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