Rigrodsky & Long, P.A. announces that a lawsuit has been filed in the United States District Court for the Southern District of New York on behalf of all persons or entities that purchased the common stock of Kinross Gold Corporation (“Kinross” or the “Company”) (NYSE: KGC) between February 16, 2011 and January 17, 2012 (the “Class Period”), alleging violations of the Securities Exchange Act of 1934 (the “Complaint”).
If you wish to discuss this action or have any questions concerning this notice or your rights or interests, please contact Timothy J. MacFall, Esquire or Scott J. Farrell, Esquire of Rigrodsky & Long, P.A., 825 East Gate Boulevard, Suite 300, Garden City, NY at (888) 969-4242, by e-mail to firstname.lastname@example.org, or at http://www.rigrodskylong.com/investigations/kinross-gold-corporation-kgc.
Kinross engages in mining and processing of gold ores in the Americas, Africa and the Russian Federation. The Complaint names Kinross and certain of the Company’s officers as defendants, and alleges that during the Class Period, defendants made materially false and misleading statements concerning the Company’s business and prospects. Specifically, the Complaint alleges defendants misrepresented and/or failed to disclose the following that: drilling results at the Kinross Tasiast property had exhibited high amounts of low-grade ores and that the Company would, therefore, need to modify its mining processes to help minimize operating costs and maximize profitability; as a result of the foregoing, applicable accounting standards required the Company to record an impairment in the value of goodwill that Kinross attributed to the Tasiast property; the Company's financial statements were not fairly presented in conformity with International Financial Reporting Standards and were, therefore, materially false and misleading; and defendants lacked a reasonable basis for their positive statements about the Company, its business prospects and the Tasiast property during the Class Period.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV