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

Wolf Haldenstein Commences Turquoise Hill Resources, Ltd. Investigation

Wolf Haldenstein Adler Freeman & Herz LLP announces that a class action 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 Turquoise Hill Resources, Ltd., (NYSE: TRQ) common stock between May 14, 2010 and November 8, 2013.

The complaint alleges that during the Class Period, Defendants made false and misleading statements concerning the Company’s financial results, business prospects, revenue and internal controls. As a result, Turquoise Hill Resources, Ltd., common stock traded at artificially inflated levels including a class period high of $28.91 on February 7, 2011.

On November 8, 2013, Turquoise Hill Resources, Ltd., issued a press release disclosing that the Company would be restating its financial results for the years ended December 31, 2010, 2011, 2012 and all affected quarters, including 2013, due to errors concerning the timing of revenue recognition from sales to certain distributors.

On this news, Turquoise Hill Resources, Ltd., common stock dropped from $4.87 per share on November 7, 2013, to close at $4.09 per share on November 8, 2013. In the aftermath of this revelation, the Company’s stock price has continued to decline.

If you purchased Turquoise Hill Resources, Ltd., common stock during the Class Period, you may, no later than February 11, 2014, request that the Court appoint you as lead plaintiff of the class.

If you are a shareholder of Turquoise Hill Resources, Ltd., (NYSE: TRQ) with a loss of $50,000 or more and would like additional information concerning your shareholder rights in this matter, please contact us at:

Matthew M. Guiney or Patrick DonovanWolf Haldenstein Adler Freeman & Herz LLP270 Madison AvenueNew York, New York 10016

Phone Numbers:(800) 575-0735(212) 545-4600

Wolf Haldenstein has represented individual and institutional investors for many years, serving as lead counsel in numerous cases in United States federal and state courts. Please visit the Wolf Haldenstein website ( for more information about the firm.

Wolf Haldenstein did not file the original complaint against Turquoise Hill Resources, Ltd.

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


Chart of I:DJI
DOW 16,790.19 +13.76 0.08%
S&P 500 1,979.92 -7.13 -0.36%
NASDAQ 4,748.3610 -32.9030 -0.69%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs