Pretium Resources Shareholder Alert: Former SEC Attorney Willie Briscoe and Powers Taylor Investigate Possible Breaches of Fiduciary Duty by Officers and Directors

DALLAS--(BUSINESS WIRE)--Former United States Securities and Exchange Commission attorney Willie Briscoe, founder of The Briscoe Law Firm, PLLC, and the securities litigation firm of Powers Taylor LLP announce that a federal class action lawsuit has been filed against Pretium Resources, Inc. (“Pretium” or “Company”) (NYSE: PVG). The firms are investigating additional legal claims against the officers and Board of Directors of Pretium during the period of January 19, 2011 and October 21, 2013 (the “Class Period”).

If you are an affected investor and you want to learn more about the lawsuit or join the action, contact Willie Briscoe at The Briscoe Law Firm, PLLC, [phone], or via email at [e-mail], or Zachary Groover at Powers Taylor LLP, toll free [phone], via email at [e-mail]. There is no cost or fee to you.

In a recently filed federal class action complaint, Pretium and certain of its officers and directors were charged with violating certain provisions of the Securities Exchange Act of 1934. Specifically, the complaint alleges that among other things, defendants’ misrepresented and/or failed to disclose that: (i) Pretium had not acquired credible evidence demonstrating the quantity or quality of gold reserve estimates they had claims to have obtained during the Class Period; (ii) one of the firms Pretium had hired to provide independent analysis of the quantity and quality of the gold reserves was not using a reliable methodology to evaluate its gold reserve estimates; (iii) statements made by Pretium during the Class Period did not accurately classify the mineral resources; and (iv) as a result of the foregoing, Pretium’s gold estimates reported during the Class Period were not as reliable as it had led the market to believe. According to the complaint, when the truth was revealed to the public, Pretium’s stock plummeted.

The Briscoe Law Firm, PLLC is a full service business litigation, commercial transaction, and public advocacy firm with more than 20 years of experience in complex litigation and transactional matters.

Powers Taylor LLP is a boutique litigation law firm that handles a variety of complex business litigation matters, including claims of investor and stockholder fraud, shareholder oppression, shareholder derivative suits, and security class actions.