|[January 29, 2014]
TURQUOISE HILL RESOURCES, LTD. SHAREHOLDER ALERT: Levi & Korsinsky, LLP Reminds Investors of Class Action Against Turquoise Hill Resources, Ltd. and Its Board of Directors and a Lead Plaintiff Deadline of February 11, 2014
NEW YORK --(Business Wire)--
Levi & Korsinsky 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 investors who purchased Turquoise Hill
Resources, Ltd. ("Turquoise Hill" or the "Company") (NYSE:TRQ) common
stock between May 14, 2010 and November 8, 2013.
For more information, click here: http://zlk.9nl.com/turquoise-hill-resources-trq/.
The complaint alleges that the Company made false and/or misleading
statements regarding Turquoise Hill's financial performance and business
prospects, and that the Company hd overstated its reported revenue,
specifically for its subsidiary SouthGobi Resources Ltd. ("SouthGobi").
On November 8, 2013, Turquoise Hill announced it would restate its
consolidated financial results for the years ended December 31, 2010,
2011, and 2012, as well as the affected quarterly financial results.
According to the Company, these statements could no longer be relied
upon due to errors related to the timing of revenue recognition from
sales to certain distributors as a result of SouthGobi's decision to
alter its methods of recognizing revenue.
If you suffered a loss in Turquoise Hill you have until February 11,
2014 to request that the Court appoint you as lead plaintiff. Your
ability to share in any recovery doesn't require that you serve as a
lead plaintiff. To obtain additional information, contact Joseph E.
Levi, Esq. either via email at email@example.com
or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://zlk.9nl.com/turquoise-hill-resources-trq/.
Levi & Korsinsky is a national firm with offices in New York, New
Jersey, Connecticut, and Washington D.C. The firm has extensive
expertise in prosecuting securities litigation involving financial
fraud, representing investors throughout the nation in securities and
shareholder lawsuits. Attorney advertising. Prior results do not
guarantee similar outcomes.
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