SOURCE: Holzer Holzer & Fistel, LLC

Holzer Holzer & Fistel, LLC

April 03, 2012 13:21 ET

Holzer Holzer & Fistel, LLC Announces a Class Action Lawsuit Has Been Filed on Behalf of Investors in Nevsun Resources LTD; Encourages Investors With Large Losses to Inquire About Lead Plaintiff Position

ATLANTA, GA--(Marketwire - Apr 3, 2012) - Holzer Holzer & Fistel, LLC 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 purchasers of Nevsun Resources LTD ("Nevsun" or the "Company") (NYSE: NSU) who purchased between March 31, 2011 and February 6, 2012, inclusive (the "Class Period"). The lawsuit alleges, among other things, that Nevsun knew but failed to disclose that its efforts at the Bisha Mine were producing a material amount of waste rock instead of gold ore. Further, the lawsuit alleges the Company failed to timely disclose that the gold ore extracted from the Bisha Mine was materially less than the amount estimated by its models.

If you purchased Nevsun common stock during the Class Period, you have the legal right to petition the Court to be appointed a "lead plaintiff." A lead plaintiff is a representative party that acts on behalf of other class members in directing the litigation. Any such request must satisfy certain criteria and be made no later than May 14, 2012. Any member of the purported 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. If you are a Nevsun investor and would like to discuss a potential lead plaintiff appointment, or your rights and interests with respect to the lawsuit, you may contact Michael I. Fistel, Jr., Esq., or Marshall P. Dees, Esq. via email at, or, or via toll-free telephone at (888) 508-6832.

Holzer Holzer & Fistel, LLC is an Atlanta, Georgia law firm that dedicates its practice to vigorous representation of shareholders and investors in litigation nationwide, including shareholder class action and derivative litigation. More information about the firm is available through its website, and upon request from the firm. Holzer Holzer & Fistel, LLC has paid for the dissemination of this promotional communication, and Michael I. Fistel, Jr. is the attorney responsible for its content.