Welcome to the U.S. Tahoe Securities Litigation Website.
Notice: The U.S. Settlement Hearing has been rescheduled to February 15, 2024, at 9:15 a.m. in LV Courtroom 7C before Judge Richard F. Boulware II.
The information contained on this web page is only a summary of information presented in more detail in the NOTICE OF PENDENCY AND PROPOSED SETTLEMENT OF CLASS ACTION LAWSUIT PENDING IN UNITED STATES DISTRICT COURT FOR THE DISTRICT OF NEVADA (the “Notice”). Because this website provides just a summary, you should review the Notice for additional details.
For questions regarding the Canadian Tahoe Securities matter, please visit www.TahoeCanadianSettlement.ca.
Lead Plaintiff in the U.S. Action and settlement Class Representative Tiffany Huynh, as executor for the estate of Kevin Nguyen (“U.S. Plaintiff”), individually and on behalf of each member of the U.S. Settlement Class against Defendants Tahoe Resources, Inc. (“Tahoe” or the “Company”), Ronald W. Clayton, C. Kevin McArthur, Mark T. Sadler, and Edie Hofmeister (collectively “Defendants”), alleges that after Tahoe obtained its exploitation license for the Escobal mine in Guatemala, Defendants made materially false and/or misleading statements, as alleged in the Consolidated Amended Class Action Complaint.
Defendants have denied and continue to deny any wrongdoing, deny that they have committed any act or omission giving rise to any liability or violation of law, and deny that U.S. Plaintiff and the U.S. Settlement Class Members have suffered any loss attributable to Defendants’ actions.
Subject to Court approval, U.S. Plaintiff, on behalf of the U.S. Settlement Class, has entered into a proposed Settlement with Defendants that, if approved by the Court, will resolve this Action in its entirety. Pursuant to the proposed Settlement, the U.S. Settlement Fund consisting of $19.5 million in cash (the “U.S. Settlement Amount”), plus any accrued interest or earnings thereon, has been established.
The proposed Settlement, if approved by the Court, will resolve the Action in its entirety.
If you are a member of the Settlement Class, your rights will be affected and you may be eligible for a payment from the Settlement. The Settlement Class consists of:
all Persons who purchased or otherwise acquired Tahoe’s common stock in the United States or on the NYSE at artificially inflated prices between April 3, 2013, and August 24, 2017, inclusive, and who suffered damages thereby.
Please read the Notice to fully understand your rights and options.