Gatos Silver, Inc. (GATO) Shareholders - L&K, LLP Encourages you to File a Claim Against the Settlement Fund Before Deadline

Rhea-AI Summary

Levi & Korsinsky, LLP has announced a settlement in the class action lawsuit against Gatos Silver, Inc. (GATO). The settlement fund is $21 million, intended to benefit class members who purchased or acquired Gatos common stock or certain related securities between December 9, 2020, and January 25, 2022, and were damaged as a result. Eligible class members must file a claim form by June 19, 2024, to receive a share of the settlement. Levi & Korsinsky, known for their expertise in securities litigation, provides this information to remind class members of the filing deadline.

Positive

• Settlement fund of $21 million for Gatos Silver shareholders.
• Levi & Korsinsky has a strong track record in securing funds for shareholders.
• Eligible class members can claim their share until June 19, 2024.

Negative

• The need for a settlement indicates prior litigation issues.
• Potential damage to Gatos Silver's reputation due to the lawsuit.
• Shareholders must actively file claim forms, which may result in lower participation.

NEW YORK, NY / ACCESSWIRE / June 4, 2024 / Levi & Korsinsky informs shareholders that a settlement has been reached in the pending class action lawsuit against Gatos Silver, Inc. (NYSE: GATO). The settlement provides for a fund of $21,000,000 to benefit class members. For the purposes of the settlement, the class is defined as: all Persons and entities who or which either (i) during the period from December 9, 2020 to January 25, 2022, both inclusive, purchased or otherwise acquired Gatos common stock listed on the NYSE, or, in domestic transactions, purchased or otherwise acquired publicly traded call options on Gatos common stock, and/or sold publicly traded put options on Gatos common stock, and were damaged thereby; or (ii) purchased or otherwise acquired Gatos common stock pursuant or traceable to the 2020 Registration Statement or the 2021 Registration Statement, in domestic transactions or on the NYSE, and were damaged thereby.

If you are a class member as defined above, you may be entitled to a pro-rata share of the settlement fund. In order to receive a share of the settlement, you must file a claim form by June 19, 2024.

For more details on the settlement, including a copy of the claim form, please visit: https://zlk.com/settlement-form/?redirect=aHR0cHM6Ly96bGsuY29tL3NldHRsZW1lbnQvZ2F0b3Mtc2lsdmVyLWluYy1zZXR0bGVtZW50&spr=513&wire=1&ticker=GATO

Levi & Korsinsky did not act as lead counsel or otherwise participate in litigating the above class action. We are providing this information as a courtesy to remind class members of the claims deadline so they can file their forms in a timely fashion.

Over the past 20 years, the team at Levi & Korsinsky has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. Our firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services' Top 50 Report as one of the top securities litigation firms in the United States.

CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
33 Whitehall Street, 17th Floor
New York, NY 10004
jlevi@levikorsinsky.com
Tel: (212) 363-7500
Fax: (212) 363-7171
https://zlk.com/

SOURCE: Levi & Korsinsky, LLP

View the original press release on accesswire.com

FAQ

What is the settlement amount in the Gatos Silver class action lawsuit?

The settlement amount in the Gatos Silver class action lawsuit is $21 million.

Who is eligible for the Gatos Silver class action settlement?

Eligibility includes persons and entities who purchased or acquired Gatos common stock or related securities from December 9, 2020, to January 25, 2022, and were damaged.

When is the deadline to file a claim for the Gatos Silver settlement?

The deadline to file a claim for the Gatos Silver settlement is June 19, 2024.

What should Gatos Silver shareholders do to receive their share of the settlement?

Gatos Silver shareholders should file a claim form by June 19, 2024, to receive their share of the settlement.

Where can Gatos Silver shareholders find the claim form for the settlement?

Shareholders can find the claim form on Levi & Korsinsky's website at https://zlk.com/settlement-form.