SAN DIEGO, Nov. 25, 2022 (GLOBE NEWSWIRE) -- Johnson Fistel, LLP is investigating potential claims on behalf of Gatos Silver, Inc. (“Gatos” or the “Company”) (NYSE: GATO) against certain of its officers and directors.
If you are a current, long-term shareholder of Gatos shares you may have standing to hold Gatos harmless from the alleged harm caused by the Company's officers and directors by making them personally responsible. You may also be able to assist in reforming the Company's corporate governance to prevent future wrongdoing.
If you have continuously held Gatos Silver's initial public offering (the "IPO") conducted on or about October 28, 2020, you can click or copy and paste the link below in a browser to join this action:
https://www.johnsonfistel.com/investigations/gatos-silver-gato
What is Johnson Fistel investigating? Recently a class action complaint had been filed against Gatos Silver. The class action lawsuit alleges that the Registration Statement and defendants throughout the Class Period made materially false and/or misleading statements, as well as failed to disclose material adverse facts about Gatos Silver's business, operations, and prospects. Specifically, defendants failed to disclose to investors that: (i) the technical report for Gatos Silver's primary mine, the Cerro Los Gatos deposit, contained certain errors; (ii) among other things, the mineral reserves had been overestimated by as much as 50%; and (iii) as a result, defendants' positive statements about Gatos Silver's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
If you are interested in learning more about the investigation, please contact lead analyst Jim Baker (jimb@johnsonfistel.com) at 619-814-4471. If emailing, please include a phone number.
About Johnson Fistel, LLP:
Johnson Fistel, LLP is a nationally recognized shareholder rights law firm with offices in California, New York and Georgia. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. Johnson Fistel seeks to recover losses incurred due to violations of federal securities laws. For more information about the firm and its attorneys, please visit http://www.johnsonfistel.com. Attorney advertising. Past results do not guarantee future outcomes.
Contact:
Johnson Fistel, LLP
Jim Baker, 619-814-4471
jimb@johnsonfistel.com
