Recent Securities Litigations
KATANGA MINING LTD ORD (US TRADING VENUE: KATFF)
According to the law firm press release, Katanga, through its subsidiary, Kamoto Copper Company SA, engages in the copper and cobalt mining and related activities in the Democratic Republic of Congo. The Company is incorporated in Bermuda and its head office is located in Baar, Switzerland.
The Complaint alleges that Defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) Katanga engaged in improper accounting practices; (2) there were material weaknesses in Katanga's internal control over financial reporting; and (3) as a result, Katanga's public statements were materially false and misleading at all relevant times.
On March 13, 2020, the Court issued an Order appointing Lead Plaintiff and Counsel. Lead Plaintiff filed an amended Complaint on April 11. On July 22, Lead Plaintiff filed a corrected amended Complaint.