Media reports and a visit to Merchant Law’s website confirm a potential litigation by Merchant Law on behalf of Taseko Mines Ltd. investors.
A form on the firm’s website allows individuals to either join a class-action or get more information on it and states, “This litigation will seek financial compensation for Taseko shareholders who suffered losses relating to the proposed Prosperity copper-gold mine southwest of Williams Lake.”
The potential lawsuit relates to the drop Taseko shares took three weeks prior to the federal government’s Nov. 2 rejection of the Prosperity mine.
Nineteen days before the decision the company shares dropped as much as 32 per cent.
The RCMP and B.C. Securities Commission are investigating.
Vice president of corporate affairs for Taseko, Brian Battison, says to his company’s knowledge, no lawsuit has actually been filed.
“Our lawyers have reviewed and searched for any evidence of a lawsuit in B.C. and Regina and there has been none filed that we have found,” he said.
Calls to Merchant Law Group were not returned by press time.
