Investigation into Paladin Energy Ltd Shares: Potential Misleading Information

NEW YORK, Jan. 02, 2025 (GLOBE NEWSWIRE) -- The Rosen Law Firm, a prominent global investor rights law firm, has announced an investigation regarding potential securities claims on behalf of shareholders of Paladin Energy Ltd (OTC: PALAF). This investigation stems from allegations suggesting that Paladin Energy may have provided materially misleading information concerning its business to the investing public.

IF YOU WERE AFFECTED: If you are one of the investors who purchased Paladin securities, you might be eligible for compensation without incurring any out-of-pocket expenses. This is possible through a contingency fee arrangement as the firm works on a class action to recover investor losses.

NEXT STEPS: To participate in the potential class action, interested shareholders can visit this link or reach out to Phillip Kim, Esq., toll-free at 866-767-3653. Alternatively, individuals can email [email protected] for more information regarding the class action.

Background Information

The matter centers around an announcement made by Paladin on November 12, 2024, which was titled "Langer Heinrich Mine update and revision of FY2025 guidance." During this announcement, Paladin indicated that due to lower than expected production results for October and persistent challenges related to ramping up production at their Langer Heinrich Mine, the company would be revising its FY2025 production guidance from a range of 4.0 – 4.5 Mlb down to 3.0 – 3.6 Mlb. Additionally, Paladin withdrew all other guidance related to FY2025.

Following this announcement, there was a significant impact on Paladin's stock, with shares dropping by 24.7% on the same day.

Why Choose Rosen Law Firm

Rosen Law Firm stands out due to its extensive experience and proven track record in representing investors. The firm emphasizes the importance of selecting qualified counsel for significant legal matters. Many firms that issue notices regarding potential claims do not possess the equivalent expertise or resources to competently handle securities class actions.

The Rosen Law Firm has a long history of achievement, including securing the largest securities class action settlement ever against a Chinese company at that time. Moreover, the firm has consistently ranked among the top firms for the number of securities class action settlements, recovering hundreds of millions of dollars for investors across various cases. In 2019 alone, they recovered over $438 million for investors.

The founding partner of the firm, Laurence Rosen, has been recognized for his contributions to plaintiff litigation, and many of the firm's attorneys have been acknowledged in lists such as Lawdragon and Super Lawyers for their excellence in the field of investor rights.

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Paladin, Investors, Securities