Slater Vecchio LLP is investigating a possible class action lawsuit against Victoria Gold Corp. (TSX:VGCX). In a press release dated June 24, 2024, Victoria Gold Corp. announced that a heap leach pad at the company’s Eagle Gold Mine experienced a significant incident. Victoria Gold Corp.’s stock price subsequently dropped approximately 80% in intraday trading from around $7.3/share to $1.3/share.
Victoria Gold Corp. is a Canadian mining company that owns the Eagle Gold Mine, located in the Yukon Territory.
Slater Vecchio LLP is looking to speak to individuals who currently own shares of Victoria Gold Corp. or who sold shares of Victoria Gold Corp. following the company’s June 24, 2024 press release.
A class action is a legal case through which one person makes a claim to the Court on behalf of a similarly situated class of people who have the same or a similar legal claim. A class action seeks to hold a defendant or defendants responsible for their conduct that affects each member of the class by resolving issues that are common to the class in the same legal proceeding, instead of each class member bringing a claim individually.
The individual who first files the claim must ask the Court for permission to proceed as a class action. If permission is granted (referred as “authorized” in Quebec, and “certified” in all other Canadian provinces) and the case may proceed as a class action, the Court will appoint an individual as “Representative Plaintiff” to represent the best interests of the class during the litigation and define the class group. Each person who meets the criteria of the class group is considered a “Class Member”.
