Teck Resources Ltd Class B press release

CLASS ACTION UPDATE for GATO, ERIC and GRAB: Levi & Korsinsky, LLP Reminds Investors of Class Actions on Behalf of Shareholders

2022-04-05

NYSE - New York Stock Exchange · Copper · Molybdenum · Zinc · Lead · Canada

NEW YORK, NY / ACCESSWIRE / April 5, 2022 /Levi & Korsinsky, LLP announces that class action lawsuits have commenced on behalf of shareholders of the following publicly-traded companies. Shareholders interested in serving as lead plaintiff have until the deadlines listed to petition the court. Further details about the cases can be found at the links provided. There is no cost or obligation to you.

GATO Shareholders Click Here: https://www.zlk.com/pslra-1/gatos-silver-inc-loss-submission-form?prid=25586&wire=1 ERIC Shareholders Click Here: https://www.zlk.com/pslra-1/telefonaktiebolaget-lm-ericsson-loss-submission-form?prid=25586&wire=1 GRAB Shareholders Click Here: https://www.zlk.com/pslra-1/grab-holdings-limited-loss-submission-form?prid=25586&wire=1

ADDITIONAL INFORMATION BELOW

Gatos Silver, Inc. (NYSE:GATO)

This lawsuit is on behalf of persons and entities that purchased or otherwise acquired Gatos: (a) common stock pursuant and/or traceable to documents issued in connection with the Company's initial public offering conducted on or about October 28, 2020; and/or (b) securities between October 28, 2020 and January 25, 2022, inclusive. Lead Plaintiff Deadline : April 25, 2022 TO LEARN MORE, VISIT: https://www.zlk.com/pslra-1/gatos-silver-inc-loss-submission-form?prid=25586&wire=1

According to the filed complaint, (1) the technical report for Gatos's primary mine, the Cerro Los Gatos deposit, contained certain errors; (2) among other things, the mineral reserves had been overestimated by as much as 50%; and (3) as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

Telefonaktiebolaget LM Ericsson (NASDAQ:ERIC)

ERIC Lawsuit on behalf of:investors who purchased April 27, 2017 - February 25, 2022 Lead Plaintiff Deadline : May 2, 2022 TO LEARN MORE, VISIT: https://www.zlk.com/pslra-1/telefonaktiebolaget-lm-ericsson-loss-submission-form?prid=25586&wire=1

According to the filed complaint, during the class period, Telefonaktiebolaget LM Ericsson made materially false and/or misleading statements and/or failed to disclose that: (i) Ericsson overstated the extent to which it had reformed its business practices to eliminate the use of bribes to secure business in foreign countries; (ii) Ericsson had paid bribes to the terrorist group the Islamic State in Iraq and Syria to gain access to certain transport routes in Iraq; (iii) accordingly, the Company's revenues derived from its operations in Iraq were, in at least substantial part, derived from unlawful conduct and thus unsustainable; and (iv) as a result, the Company's public statements were materially false and misleading at all relevant times.

Grab Holdings Limited (NASDAQ:GRAB)

GRAB Lawsuit on behalf of:investors who purchased November 12, 2021 - March 2, 2022 Lead Plaintiff Deadline : May 16, 2022 TO LEARN MORE, VISIT: https://www.zlk.com/pslra-1/grab-holdings-limited-loss-submission-form?prid=25586&wire=1

According to the filed complaint, during the class period, Grab Holdings Limited made materially false and/or misleading statements and/or failed to disclose that: (1) Grab's driver supply declined during the third quarter; (2) as a result, Grab continued to invest heavily in driver and consumer incentives to "preemptively recalibrate driver supply"; (3) as a result, the Company's financial results would be adversely impacted, including, among other things, a significant decline in revenue; and (4) as a result of the foregoing, defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

You have until the lead plaintiff deadlines to request that the court appoint you as lead plaintiff.Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.

Levi & Korsinsky is a nationally recognized firm with offices in New York, California, Connecticut, and Washington D.C. The firm's attorneys have extensive expertise and experience representing investors in securities litigation and have recovered hundreds of millions of dollars for aggrieved shareholders. Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT: Levi & Korsinsky, LLP Joseph E. Levi, Esq. Eduard Korsinsky, Esq. 55 Broadway, 10th Floor New York, NY 10006 jlevi@levikorsinsky.com Tel: (212) 363-7500 Fax: (212) 363-7171 www.zlk.com

SOURCE: Levi & Korsinsky, LLP

View source version on accesswire.com: https://www.accesswire.com/696174/CLASS-ACTION-UPDATE-for-GATO-ERIC-and-GRAB-Levi-Korsinsky-LLP-Reminds-Investors-of-Class-Actions-on-Behalf-of-Shareholders