SOURCE: Levi & Korsinsky, LLP

Levi & Korsinsky

February 23, 2016 14:56 ET

SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Shareholders of Primero Mining Corp. of Class Action Lawsuit and a Lead Plaintiff Deadline of April 15, 2016 -- PPP

NEW YORK, NY--(Marketwired - February 23, 2016) - The following statement is being issued by Levi & Korsinsky, LLP:

To: All persons or entities who purchased or otherwise acquired securities of Primero Mining Corp. ("Primero Mining") (NYSE: PPPbetween October 5, 2012 and February 3, 2016.

You are hereby notified that a securities class action has been commenced in the USDC for the Central District of California. If you purchased or otherwise acquired Primero Mining securities between October 5, 2012 and February 3, 2016, your rights may be affected by this action. To get more information go to: http://zlk.9nl.com/primero-mining.

The complaint alleges that throughout the Class Period Defendants issued false and misleading statements to investors and/or failed to disclose material facts about tax compliance at Primero's Mexican subsidiary, Primero Empresa Minera, S.A. de C.V. 

On February 3, 2016, Primero disclosed that its Mexican subsidiary received a legal claim from the Mexican tax authorities, Servicio de Administración Tributaria ("SAT"), seeking to nullify the Advance Pricing Agreement issued by SAT in 2012. On this news, shares of Primero Mining fell $0.74 per share or over 28% to close at $1.89 per share on February 4, 2016.

If you suffered a loss in Primero Mining you have until April 15, 2016 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff. To obtain additional information, contact Joseph E. Levi, Esq. either via email at jlevi@zlk.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://zlk.9nl.com/primero-mining.

Levi & Korsinsky is a national firm with offices in New York, New Jersey, California, Connecticut, and Washington D.C. The firm's attorneys have extensive expertise and experience representing investors in securities litigation involving financial fraud, and have recovered hundreds of millions of dollars for aggrieved shareholders. Attorney advertising. Prior results do not guarantee similar outcomes.

Contact Information

  • CONTACT: 
    Levi & Korsinsky, LLP
    Eduard Korsinsky, Esq.
    30 Broad Street - 24th Floor
    New York, NY 10004 
    Tel: (212) 363-7500
    Toll Free: (877) 363-5972
    Fax: (212) 363-7171
    www.zlk.com