The Rosen Law Firm, P.A. announces that it is investigating potential securities fraud claims against Turquoise Hill Resources (Nasdaq: TRQ) resulting from allegations that the company may have issued materially misleading financial statements to the investing public.
The investigation concerns whether Turquoise Hill and certain of its officers and/or directors have violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934. On November 8, 2013, Turquoise Hill announced that it would restate its consolidated financial results for the years ended December 31, 2010, 2011, 2012 and the affected quarters, including 2013. The Company plans to effect this restatement by filing restated annual consolidated financial statements and management's discussion and analysis ("MD&A") for the year ended December 31, 2012, including comparative periods presented therein.
On this news, shares of Turquoise Hill fell $0.15 per share to more than 3.00% on intraday trading to a price of $4.93 on November 8, 2013.
The Rosen Law Firm is preparing a class action lawsuit as a result of this adverse information. If you purchased Turquoise Hill securities, you may visit the website at http://rosenlegal.com to join the action. You may also contact Phillip Kim, Esq. or Kevin Chan, Esq. of The Rosen Law Firm toll free at 866-767-3653 or via e-mail at firstname.lastname@example.org or email@example.com.The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Attorney Advertising. Prior results do not guarantee a similar outcome. ------------------------------- Contact Information:Laurence Rosen, Esq.Phillip Kim, Esq.Kevin Chan, Esq.The Rosen Law Firm P.A.275 Madison Avenue 34 th FloorNew York, New York 10016Tel: (212) 686-1060Toll Free: 1-866-767-3653Fax: (212) 202-3827 firstname.lastname@example.org email@example.com firstname.lastname@example.org www.rosenlegal.com