|[January 06, 2014]
Siskinds LLP Announces Filing of Proposed Securities Class Action Against SouthGobi Resources Ltd. (Toronto: SGQ; Hong Kong: 1878)
TORONTO & LONDON, Ontario --(Business Wire)--
Siskinds LLP today announced the filing in the Ontario Superior Court of
Justice of a proposed securities class action against SouthGobi
Resources Ltd. ("SouthGobi") (Toronto: SGQ; Hong Kong: 1878), certain of
its current and former senior officers and directors, and its former
Subject to certain exclusions, the proposed lass includes all persons
and entities who acquired the common shares of SouthGobi from March 30,
2011 through November 7, 2013, inclusive.
The action alleges that, among other things, during the relevant period
certain documents released by SouthGobi, including its audited and
unaudited financial statements, contained representations that were
untrue. It is alleged that the defendants have liability for damages
sustained by the proposed class.
Siskinds LLP is one of Southwestern Ontario's largest and most
well-established full-service law firms with offices in London, Toronto
and affiliates in Québec City and Montréal.
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