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Katanga Mining Limited (KATFF)



Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses Exceeding $100,000 In Katanga Mining Limited To Contact The Firm

Faruqi & Faruqi, LLP, a leading national securities law firm, reminds investors in Katanga Mining Limited (“Katanga” or the “Company”) (OTC:KATFF) of the January 29, 2018 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 Katanga stock or options between February 11, 2016 and November 19, 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 District of New Jersey on behalf of all those who purchased or acquired Katanga securities between February 11, 2016 and November 19, 2017 (the “Class Period”).  The case, Davis v. Katanga Mining Limited et al., No. 2:17-cv-12188 was filed on November 29, 2017.

The lawsuit focuses on whether the Company and its executives violated federal securities laws by making false and/or misleading statements and/or failing to disclose that: (1) Katanga engaged in improper accounting practices; (2) there were material weaknesses in the Company’s internal controls over financial reporting; and (3) as a result, the Company’s public statements were materially false and misleading at all relevant times.

On November 20, 2017, the Company issued a press release revealing the completion of the restatement of certain of its financial statements. Specifically, the Company disclosed that certain “material weaknesses” had been demonstrated in its internal control over financial reporting.

Following the announcement, Katanga’s share price fell from $0.98 per share on November 17, 2017 to a closing price of $0.75 on November 22, 2017—a $0.23 or a 23.47% drop over three trading days.

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  • Case:
    Katanga Mining Limited (KATFF)

* The submission of this form does not create an attorney-client relationship.

Contact Counsel

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


Case Details


  • 11/30/2017

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