New York, New York--(Newsfile Corp. - July 7, 2020) - The Klein Law Firm announces that a class action complaint has been filed on behalf of shareholders of Kirkland Lake Gold Ltd. (NYSE: KL) alleging that the Company violated federal securities laws.
Class Period: January 8, 2018 and November 25, 2019
Lead Plaintiff Deadline: August 28, 2020
Learn more about your recoverable losses in DNK:
The filed complaint alleges that Kirkland Lake Gold Ltd. made materially false and/or misleading statements and/or failed to disclose that: (i) Kirkland lacked adequate internal controls over financial reporting, especially as it relates to its projections of risks, reserve grade, and all-in sustaining costs; (ii) as a result of the known, but undisclosed, impending acquisition of Detour, the Company's projections relating to its risks, reserve grade, and all-in sustaining costs were false and misleading; (iii) the Company's financial statements and projections were not fairly presented in conformity with International Financial Reporting Standards; (iv) based on the foregoing, Defendants lacked a reasonable basis for their positive statements about the Company's business, operations, and prospects and/or lacked a reasonable basis and omitted material facts.
Shareholders have until August 28, 2020 to petition the court for lead plaintiff status. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
For additional information about the KL lawsuit, please contact J. Klein, Esq. by telephone at 212-616-4899 or click the link above.
J. Klein, Esq. represents investors and participates in securities litigations involving financial fraud throughout the nation. Attorney advertising. Prior results do not guarantee similar outcomes.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/59323