Gilman Law LLP, a leading national securities law firm, is now accepting claims for lawsuits on behalf of Agnico-Eagle Mines, Ltd. shareholders. The firm is actively investigating shareholder claims that Agnico-Eagle Mines, Ltd. and certain of its officers and directors violated the Securities Exchange Act of 1934 by issuing false and misleading information concerning the Company’s overall operational and financial condition and well-being resulting from significant problems in Agnico-Eagle Mines Ltd. mining operations and gold production at its Goldex mine in Val d’Or Quebec. The firm is currently offering free legal evaluations to all Agnico-Eagle Mines, Ltd. investors nationwide.
What to do if you purchased or otherwise acquired shares of Agnico-Eagle Mines, Ltd.
For over 30 years, Gilman Law has represented investors in all major aspects of securities fraud litigation, including stock manipulation, securities fraud, and shareholder rights violations. If you purchased or otherwise acquired shares of Agnico-Eagle Mines, Ltd. (NYSE: AEM) between April 29, 2010 and October 19, 2011 (“Class Period”), and either lost money on the transaction or still hold the shares, you must contact Gilman Law LLP no later than January 6, 2012, in order to exercise your legal rights against Agnico-Eagle Mines.
Angnico-Eagle Mines Class Action Lawsuit
Angnico-Eagle Mines Class Action Lawsuit Allegations
Founded in 1953, Agnico-Eagle Mines, a Canadian based international gold producer, engages in the exploration, development and production of mineral properties in Canada, Finland and Mexico. On October 19, 2011, Agnico-Eagle Mines issued a press release announcing that, effective immediately, it was suspending its mining operations and gold production at its Goldex mine. This news caused Agnico-Eagle Mines’ shares to plummet 18.5%, to close at $46.51 per share on October 19, 2011, on very heavy trading volume.
Subsequently, a class action lawsuit was filed in the United States District Court for the Southern District of New York seeking class action status to benefit Agnico-Eagle investors who acquired the Company’s shares between April 29, 2010 and October 19, 2011. The lawsuit alleges the defendants failed to disclose that the Goldex Mine was experiencing significant structural problems that would eventually require the closing of the mine in October 2011. The Complaint further alleges that the Company failed to disclose the truth regarding Agnico-Eagle Mines’ financial condition and engaged in fraudulent and deceptive accounting practices. As a result, the Agnico-Eagle Mines lacked a reasonable basis for their positive statements about their business, operations, and prospects.
Legal Help for Agnico-Eagle Mines, Ltd. Shareholders
Gilman Law has extensive experience representing both individual and institutional investors in securities class action suits, and has recovered over a billion dollars for its clients. We are ready to assist investors who have sustained losses as a result of Agnico-Eagle Ltd.’s fraudulent practices. For a free evaluation of your case or to obtain additional information, please fill out the form on the left or CALL TOLL FREE (888) 252-0048.
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