Investigation in Progress — No Complaint Filed Yet
BG&G is actively investigating potential securities fraud claims against Paladin Energy Ltd. If a complaint is filed, this page will be updated. Investors are encouraged to contact us now to preserve their rights.
Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Paladin Energy Ltd (“Paladin” or “the Company”) (OTCMKTS: PALAF). Investors who purchased Paladin securities are encouraged to obtain additional information and assist the investigation.
The investigation concerns whether Paladin has violated federal securities laws.
Investigation Details
On November 12, 2024, Paladin issued an announcement entitled “Langer Heinrich Mine update and revision of FY2025 guidance.” In this announcement, Paladin said that “[a]s a result of the lower than expected production results for October, and noting the ongoing challenges and operational variability experienced to date in ramping up production at the [Langer Heinrich Mine], Paladin has determined to revise its FY2025 production guidance to 3.0 – 3.6 Mlb (previously 4.0 – 4.5 Mlb) and withdraw all other guidance in relation to FY2025.” Following this news, Paladin stock dropped $1.55 per share, or 24.7%, to close at $4.71 on November 12, 2024.
What’s Next?
If you are aware of any facts relating to this investigation or purchased Paladin securities, you can assist this investigation. You can also contact Peretz Bronstein or his client relations manager, Nathan Miller, of Bronstein, Gewirtz & Grossman, LLC: 332-239-2660
PALAF — Stock Performance
About Bronstein, Gewirtz & Grossman, LLC
We represent investors in class actions on a contingency fee basis. That means we will ask the court to reimburse us for out-of-pocket expenses and attorneys' fees, usually a percentage of the total recovery, only if we are successful.
Bronstein, Gewirtz & Grossman, LLC is a nationally recognized firm that represents investors in securities fraud class actions and shareholder derivative suits. Our firm has recovered hundreds of millions of dollars for investors nationwide.
“Our practice centers on restoring investor capital and ensuring corporate accountability, which serves to uphold the essential integrity of the marketplace.”