In a decision relying heavily on the 2015 U.S. Supreme Court ruling limiting liability for statements deemed opinions in securities suits, a Manhattan federal judge has dismissed investor claims against gold mining company Pretium Resources Inc.
Investors alleged that Pretium inflated its stock price as a result of material, uncorrected misstatements about the prospects at a mine acquired in British Columbia in October 2010. The company brought on consultants to the Bluejack gold mine project in 2012 to estimate its potential gold haul.
