The law firm that won a $49-million settlement for Hollinger shareholders is organizing a class action lawsuit on behalf of those holding stock in Taseko Mines Ltd. following the mysterious drop in the company's share price last month.
Both the RCMP and the B.C. Securities Commission are investigating the possibility of insider trading after the stock's price fell drastically on Oct. 14, 2 1/2 weeks before the federal government blocked construction of the proposed Properity gold mine southwest of Williams Lake.
Lawyer Anthony Merchant, of Merchant Law Group LLP, said that's all well and good but will fall short of getting money back for shareholders.
"The only way that people are going to get money back is by grouping together," Merchant said.
Past and current Taseko shareholders are being urged to visit the firm's website, www.merchantlaw.com, and provide their contact information, stressing that doing so creates no financial obligation for those who do.
