Lawsuit against Goldcorp dismissed

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.

Print

 

Republish this article

Be the first to comment on "Lawsuit against Goldcorp dismissed"

Leave a comment

Your email address will not be published.


*


By continuing to browse you agree to our use of cookies. To learn more, click more information

Dear user, please be aware that we use cookies to help users navigate our website content and to help us understand how we can improve the user experience. If you have ideas for how we can improve our services, we’d love to hear from you. Click here to email us. By continuing to browse you agree to our use of cookies. Please see our Privacy & Cookie Usage Policy to learn more.

Close