Faruqi & Faruqi, LLP Encourages Investors Who Suffered Substantial Losses Investing in Nevsun Resources Ltd. to Contact the Firm
Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential securities fraud at Nevsun Resources Ltd. (“Nevsun” or the “Company”) (AMEX: NSU).
The investigation focuses on whether the Company and its executives violated federal securities laws by failing to disclose that: (1) mining operations at Nevsun’s Bisha Mine resulted in high yields of waste rock, rather than gold ore; (2) gold ore present at the Bisha Mine was materially less than the amount estimated by the Company’s depictions; (3) Nevsun was extracting gold ore more rapidly than planned in order to conceal from investors the shortfall of actual gold at the Bisha Mine; (4) the Company was aware that its model was materially defective because the actual amounts of gold mined at the Bisha Mine did not reconcile with the Company’s model previously disseminated to the investing public; and (5) as a result, Nevsun materially overstated its gold reserves at the Bisha Mine.
If you purchased Nevsun securities between March 31, 2011 and February 6, 2012 and would like to discuss your legal rights, visit www.faruqilaw.com/NSU. You can also contact us by calling Richard Gonnello or Francis McConville toll free at 877-247-4292 or at 212-983-9330 or by sending an e-mail to firstname.lastname@example.org or email@example.com. Faruqi & Faruqi, LLP also encourages anyone with information regarding Nevsun’s conduct to contact the firm, including whistleblowers, former employees, shareholders and others.
Richard W. Gonnello
Faruqi & Faruqi, LLP
685 Third Avenue 26th Floor
New York, NY 10017
Tel: (212) 983-9330
If you have information regarding this case that you would like to make available, please click here to contact us about our investigation.