LOS ANGELES, CA / ACCESSWIRE / July 1, 2020 / The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class-action lawsuit against Kirkland Lake Gold Ltd. ("Kirkland" or "the Company") (NYSE:KL) for violations of 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.
Investors who purchased the Company's securities between January 8, 2018 and November 25, 2019, inclusive (the ''Class Period''), are encouraged to contact the firm before August 28, 2020.
If you are a shareholder who suffered a loss, click here to participate.
We also encourage you to contact Brian Schall of the Schall Law Firm, 1880 Century Park East, Suite 404, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at [email protected].
The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
According to the Complaint, the Company made false and misleading statements to the market. Kirkland failed to maintain appropriate controls over financial reporting, including projections of risk and reserve grade. The Company's projections of risks, reserve grade, and all-in sustaining costs were false and misleading based on its undisclosed impending acquisition of Detour Gold Corporation. The Company did not fairly present its financial statements and projections as required by International Financial Reporting Standards. Based on these facts, the Company's public statements were false and materially misleading throughout the class period. When the market learned the truth about Kirkland, investors suffered damages.
Join the case to recover your losses.
The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
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CONTACT:
The Schall Law Firm
Brian Schall, Esq.,
www.schallfirm.com
Office: 310-301-3335
[email protected]
SOURCE: The Schall Law Firm