SOURCE: Kahn Swick & Foti, LLC

June 07, 2013 22:00 ET

BARRICK GOLD SHAREHOLDER ALERT BY FORMER LOUISIANA ATTORNEY GENERAL: Kahn Swick & Foti, LLC Reminds Investors With Losses in Excess of $100,000 of Lead Plaintiff Deadline in Class Action Lawsuit Against Barrick Gold Corporation - ABX

NEW ORLEANS, LA--(Marketwired - Jun 7, 2013) - Kahn Swick & Foti, LLC ("KSF") and KSF partner, the former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until August 5, 2013 to file lead plaintiff applications in a securities class action lawsuit against Barrick Gold Corporation (NYSE: ABX), if they purchased the Company's securities during the period between May 7, 2009 and May 23, 2013, inclusive (the "Class Period"). This action is pending in the United States District Court for the Southern District of New York.

What You May Do

If you purchased shares of Barrick Gold and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, call toll free at 1-877-515-1850, or email KSF Managing Partner Lewis Kahn (lewis.kahn@ksfcounsel.com) or KSF Partner Melinda Nicholson (melinda.nicholson@ksfcounsel.com). If you wish to serve as a lead plaintiff in this class action, you must petition the Court by August 5, 2013.

About the Lawsuit

Barrick Gold and certain of its executives are charged with issuing a series of materially false and misleading statements during the Class Period, in violation of federal securities laws. 

These false statements and omissions included, in part, that: (a) the costs of bringing Pascua-Lama into production far exceeded any of Barrick's various publicly presented estimates; (b) Pascua-Lama presented no reasonable expectation of coming into production within any of Barrick's various publicly presented time horizons; (c) Pascua-Lama's environmental impact presented significantly greater risks to the Project and the Company than those disclosed by defendants; and (d) as a result, defendants had no reasonable basis for their statements regarding the Project, or the reserves and earnings guidance for the Company..

About Kahn Swick & Foti, LLC

To learn more about KSF, whose partners include the Former Louisiana Attorney General, Charles C. Foti, Jr., and other lawyers with significant experience litigating complex securities class actions nationwide on behalf of both institutional and individual shareholders, you may visit www.ksfcounsel.com.

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