This Day On The Street
Continue to site
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

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

Hagens Berman Sobol Shapiro LLP (“Hagens Berman”) ( 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

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

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

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
Stocks Under $10

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

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
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $94.27 0.00%
FB $101.00 0.00%
GOOG $684.12 0.00%
TSLA $143.67 0.00%
YHOO $27.10 0.00%


Chart of I:DJI
DOW 15,914.74 -99.64 -0.62%
S&P 500 1,851.86 -0.35 -0.02%
NASDAQ 4,283.5920 +14.8290 0.35%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs