Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential securities fraud at Tahoe Resources (Tahoe or the Company) (NYSE:TAHO).
The investigation focuses on whether the Company and its executives violated federal securities laws. On July 5, 2017, the Company announced that the Supreme Court of Guatemala issued an order suspending its license to operate the Escobal silver mine.
Specifically, the suspension followed a claim by a Guatemalan anti-mining group that Guatemala’s Ministry of Energy and Mines violated the local indigenous population’s right to consultation when it initially granted Tahoe’s mining license.
On this news, Tahoe’s share price declined sharply during intraday trading on July 6, 2017, causing harm to investors.