|[January 31, 2014]
SHAREHOLDER ALERT: Brower Piven Encourages Investors with More Than $100,000 in Losses from Investment in Turquoise Hill Resources Ltd. to Contact Brower Piven before the February 11, 2014 Lead Plaintiff Deadline
STEVENSON, Md. --(Business Wire)--
Brower Piven, A Professional Corporation announces that a class action
lawsuit has been commenced in the United States District Court for the
Southern District of New York on behalf of purchasers of Turquoise Hill
Resources Ltd. ("Turquoise Hill" or the "Company") (NYSE:TRQ) common
stock during the period between May 14, 2010 and November 8, 2013,
inclusive (the "Class Period").
If you have suffered a net loss from investment in Turquoise Hill
Resources Ltd. common stock purchased on or after May 14, 2010, and held
through the revelation of negative information on November 8, 2013, as
described below, at no cost to you, you may obtain additional
information about this lawsuit and your ability to become a lead
plaintiff by contacting Brower Piven at www.bowerpiven.com,
by email at firstname.lastname@example.org,
by calling 410/415-6616, or at Brower Piven, A Professional Corporation,
1925 Old Valley Road, Stevenson, Maryland 21153. Attorneys at Brower
Piven have combined experience litigating securities and class action
cases of over 60 years.
No class has yet been certified in the above action. Members of the
Class will be represented by the lead plaintiff and counsel chosen by
the lead plaintiff. If you wish to choose counsel to represent you and
the Class, you must apply to be appointed lead plaintiff no later than
February 11, 2014 and be selected by the Court. The lead plaintiff will
direct the litigation and participate in important decisions including
whether to accept a settlement and how much of a settlement to accept
for the Class in the action. The lead plaintiff will be selected from
among applicants claiming the largest loss from investment in the
Company during the Class Period.
The complaint accuses the defendants of violations of the Securities
Exchange Act of 1934 by virtue of the defendants issuing materially
false and misleading statements during the Class Period concerning the
reported revenue for the Company's subsidiary, SouthGobi Resources Ltd.
("SouthGobi"), which produces coal at the Ovoot Tolgoi mine in Mongolia.
According to the complaint, following the Company's November 8, 2013
disclosure that it would be restating its consolidated financial results
for the years ended December 31, 2010, 2011, 2012 and the affected
quarters, including 2013, due to SouthGobi's decision to change the
manner in which it recognizes certain revenue, the value of Turquoise
Hill shares declined significantly.
If you choose to retain counsel, you may retain Brower Piven without
financial obligation or cost to you, or you may retain other counsel of
your choice. You need take no action at this time to be a member of the
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