Faruqi & Faruqi Defeats Motion To Dismiss In Investor Class Action Against Tahoe Resources

Dillon Hagius Dillon Hagius

Tel: (212) 983-9330
Fax: (212) 983-9331
E-mail: dhagius@faruqilaw.com

On June 19, 2019, Judge Richard F. Boulware II of the District of Nevada denied nearly all of Defendant Tahoe Resources, Inc.’s motion to dismiss the Lead Plaintiff’s consolidated amended class action complaint (the “Complaint”).  The Court held that the Complaint sufficiently pled that Tahoe and select Individual Defendants that served as directors and officers of Tahoe (except for Elizabeth McGregor) made false and/or misleading statements concerning (1) the issuance of the Escobal License; (2) the presence of indigenous peoples in the area of the Escobal Project; (3) the community’s response to the Escobal Project; (4) the Company’s outreach efforts in the communities in the Escobal Project Area; and (5) Tahoe’s supposed compliance with Corporate Social Responsibility regimes.  Pursuant to the Court’s Order, the parties will now submit a joint discovery plan.

Finding us

Our Offices

Our offices are nationwide. If you have any questions about a case or our firm, please contact us.

New York

685 Third Avenue 26th Floor
New York, New York 10017
(212) 983-9330
(877) 247-4292
(212) 983-9331


10866 Wilshire Boulevard Suite 1470
Los Angeles, California 90024
(424) 256-2884
(424) 256-2885


3828 Kennett Pike Suite 201
Wilmington, Delaware 19807
(302) 482-3182
(302) 482-3612


3975 Roswell Rd Suite A
Atlanta, Georgia 30342
(404) 847-0617
(404) 506-9534


1617 JFK Boulevard, Suite 1550
Philadelphia, Pennsylvania 19103
(215) 277-5770
(215) 277-5771

Faruqi & Faruqi office in New York, New York

Faruqi & Faruqi office in Los Angeles, California

Faruqi & Faruqi office in Wilmington, Delaware

Faruqi & Faruqi office in Atlanta, Georgia

Faruqi & Faruqi office in Philadelphia, Pennsylvania