Canadian Class Action Litigation Launched Against Barrick Gold Corporation Regarding the Controversial Pascua-Lama Mining Project

TORONTO, March 25, 2014 /CNW/ - Merchant Law Group LLP announced today that their law firm has commenced Canada-wide multi-billion dollar shareholder class actions against Barrick Gold Corporation (TSX: ABX) and three of the Company's senior officers (Aaron W. Regent, Jamie C. Sokalsky, and Ammar Al-joundi).  

These class action lawsuits have been filed with the Courts in Ontario and Alberta seeking compensation for purchasers of Barrick securities from May 7, 2009 to May 23, 2013. The plaintiffs allege that throughout that time, Barrick Gold's public disclosures misrepresented the status of its Pascua-Lama mining project located in Chile and Argentina. In April, 2013, the Copiapo Court of Appeals (in Chile) ordered Barrick to halt construction at the Pascua-Lama mining project citing environmental infractions. The class actions allege that Barrick Gold shareholders lost billions of dollars as a result of Barrick's misrepresentations and failures regarding the Pascua-Lama mine project.

For more information on the Barrick Pascua-Lama Class Action please visit: https://www.merchantlaw.com/classactions/barrick.php

Merchant Law Group LLP is a leading Canadian class action firm, with 12 offices across Canada from Montreal to Victoria.  Merchant Law Group LLP is well known for pursuing class action lawsuits in Canada. Tony Merchant is known to be one of Canada's most active litigators with more than 600 reported cases in leading Case Law Journals, having argued thousands of cases before the Canadian and American Courts, in Trial and Administrative Courts, and the Courts of Appeal of various American and Canadian jurisdictions, the Federal Court of Canada, and the Supreme Court of Canada.

Tony Merchant, Q.C., has a long history in pursuing public policy cases and is a former elected Member of the Legislative Assembly (M.L.A.).

SOURCE: Merchant Law Group

For media inquiries, please contact Tony Merchant, Q.C., at 888-567-7777 or [email protected]; A copy of the class action lawsuit can be provided to media outlets, upon request, by e-mailing [email protected]