Perpetua Resources Corp. Class Action: Levi & Korsinsky Reminds Perpetua Resources Corp. Investors of the Pending Class Action Lawsuit with a Lead Plaintiff Deadline of May 20, 2025 - 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 misled investors about capital expenditure costs for the Stibnite Gold Project, with actual costs increasing by over 75% from original projections. Following the disclosure, PPTA's stock price dropped 22.39% in a single day, from $11.97 to $9.29 per share.
March 26, 2025 | 6:15 pm
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Class action lawsuit alleges securities fraud with potential financial and reputational damages for the company's misleading project cost disclosures.
The lawsuit directly targets PPTA, alleging material misrepresentation of project costs. The significant stock price drop and potential legal consequences suggest negative short-term impact.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100