Nevsun Resources Ltd.
Nevsun Resources Ltd. Securities Settlement
The lawsuit was settled for 5.995 million in cash. The following is a summary of the proceedings in this lawsuit: ‘The case involves claims that Defendants violated the federal securities laws by allegedly materially overstating gold reserves at the Company Bisha Mine, and allegedly failing to disclose material negative trends about the mine gold production, during the Class Period. As a consequence, it was alleged that the price of the Company common stock was artificially inflated during the Class Period.’