This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Hagens Berman Files Securities Class-action Lawsuit Against Gold Resource Corp., Advises Investors Of Expanded Class Period

Hagens Berman Sobol Shapiro LLP (“Hagens Berman”) ( http://www.hbsslaw.com) today reminded investors that it has filed a securities class-action lawsuit on behalf of purchasers of the common stock of Gold Resource Corp. (NYSE MKT: GORO) with an expanded class period of Jan. 30, 2012 through Nov. 8, 2012, inclusive.

The lawsuit, filed on Nov. 12, 2012, in the U.S. District Court for the District of Colorado alleges that Gold Resource Corp. violated the federal securities laws by issuing misleading statements to investors. Specifically, it claims that the company was aware of production problems at its El Aguila mining project in Oaxaca, Mexico, which would ultimately have a significant impact on its financial outlook, but failed to disclose the information to investors.

The suit also claims that the company’s production statistics were overstated during the class period and that it reported sales of product that were not actually delivered to customers.

On Nov. 8, 2012, the company announced that it would be forced to restate two of its financial statements, issued March 31, 2012, and June 30, 2012. The company’s stock price dropped $.50 per share on the news.

This drop followed a 30 percent drop in the stock price on July 19, 2012, when the company initially disclosed production problems. It fell another 10 percent on Oct. 17, 2012, when the company confirmed that production issues had continued during the third quarter.

Hagens Berman encourages investors who purchased GORO common stock between Jan. 30, 2012 and Nov. 8, 2012, and who suffered significant financial losses to contact the firm to discuss moving for lead plaintiff in the case. The deadline to move for lead plaintiff is Dec. 24, 2012. Karl Barth can be reached by calling (206) 623-7292 or by emailing GORO@hbsslaw.com.

Any member of the proposed class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member. Class members need not seek to become a lead plaintiff in order to share in any possible recovery.

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

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.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

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.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,086.63 -26.91 -0.16%
S&P 500 1,987.01 +3.48 0.18%
NASDAQ 4,473.6970 +17.6810 0.40%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs