A legal action commenced in 1989 in the Massachusetts district court against Toronto-based Goldcorp Investments (TSE) was recently dismissed by the presiding judge for the case. A spokesman for Goldcorp said the lawsuit, originally filed by Reginald Howe, alleged a violation of the U.S. Securities and Exchange Act in connection with a shareholders’ vote to remove restrictions in Goldcorp’s by-laws.
The restrictions would have prevented Goldcorp from acquiring interests in Dickenson Mines (TSE) and Wharf Resources (TSE). A previous report by a magistrate of the U.S. district court had recommended dismissal of the action based on the lawsuit being brought in an inappropriate jurisdiction. The presiding judge in the case also agreed with the earlier report, said Goldcorp.
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