May 20, 2025 Deadline: Contact Levi & Korsinsky to Join Class Action Suit Against PPTA
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Levi & Korsinsky law firm has filed a class action securities lawsuit against Perpetua Resources Corp. (PPTA) alleging securities fraud between April 17, 2024, and February 13, 2025. The lawsuit claims the company misrepresented initial capital expenditure estimates for the Stibnite Gold Project, with actual costs increasing by over 75% from original projections. Following the disclosure of additional $952 million in capital expenses, PPTA's stock price dropped 22.39% in a single day.
March 26, 2025 | 11:45 am
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The lawsuit alleges material misrepresentation of project costs, which could impact investor confidence and the company's financial standing.
The lawsuit directly targets PPTA, alleging securities fraud by misrepresenting project costs. The significant stock price drop and substantial cost increase suggest potential long-term reputational and financial damage.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100