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Law Offices of Howard G. Smith Announces Class Action Lawsuit Against Nevsun Resources Ltd.

BENSALEM, Pa., Mar 14, 2012 (BUSINESS WIRE) -- Law Offices of Howard G. Smith announces that a class action lawsuit has been filed in the United States District Court, Southern District of New York, on

BENSALEM, Pa., Mar 14, 2012 (BUSINESS WIRE) — Law Offices of Howard G. Smith announces that a class action lawsuit has been filed in the United States District Court, Southern District of New York, on behalf of purchasers of the common stock of Nevsun Resources Ltd. (“Nevsun” or the “Company”) NSU +5.31% between March 31, 2011 and February 6, 2012, inclusive (the “Class Period”), seeking to pursue remedies under the Securities Exchange Act of 1934.

Nevsun mines and explores for gold and base metals, such as copper and zinc. The Complaint alleges that defendants misrepresented or failed to disclose that: (a) Nevsun’s mining activities at the Bisha mine in Eritrea, Africa, produced a material amount of waste rock, rather than gold ore; (b) gold and gold ore from Bisha were materially less than estimated, and defendants knew or had reason to know this, based on data routinely collected from the mine; (c) Nevsun was progressing through the ore body at Bisha more quickly than planned, to maintain production at a rate that would not reveal to investors that the amount of gold was materially less than the Company’s estimate; (d) the Company was aware its resource model was materially defective because actual amounts of gold mined at Bisha did not reconcile with the Company’s previously disseminated estimate; and (e) Nevsun materially overstated its gold reserves at the Bisha mine.

No class has yet been certified in the above action. Until a class is certified, you are not represented by counsel unless you retain one. If you purchased Nevsun common stock between March 31, 2011 and February 6, 2012, you have certain rights, and have 60 days from March 13, 2012 to move for lead plaintiff status. To be a member of the class you need not take any action at this time, and you may retain counsel of your choice. If you wish to discuss this action or have any questions concerning this Notice or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, Toll Free at (888) 638-4847, or by email to, or visit our website at .

SOURCE: Law Offices of Howard G. Smith



Law Offices of Howard G. Smith

Howard G. Smith, Esquire

(215) 638-4847

(888) 638-4847

Review overview
  • sami March 18, 2012

    CDRiE unequivocally condemns this unprovoked and unjustified attack on Eritrean national sovereignty.
    ስድሪ ነዚ ኣብ ልዕሊ ሃገራዊ ልዑላውነት ዕርትራ ዝተፈጸመ ዘይምኽኑይ መጥቃዕቲ ብዘየላውል መገዲ ንኹንን።
    ስርዓት ወያነ፣ ኣብ ልዕሊ ሃገረ ኤርትራ ቑሉዕ ወራር ከካይድ፣ ሱቕ ኢልና ኣይንርእን …ሲቪካዊ ማሕበር ላስ ቬጋስ

    • T. Kifle March 18, 2012

      Tell us what you are going to do about it if you cannot remain idle amid the Ethioan attacks

  • tegadalay March 18, 2012

    NADGI ZEYKEBDOS NIMESAN KEBEDO WHAT F is this man hawrd G idiot smith talking abaout ilove it it is jelosy they cant stop the companys from buying so they have to bring this shit despret jast sit your ass & see eritrea blooming pull your hair out

    • SINGAPO-ERITREAN March 18, 2012

      I know what you mean ,trying to stop our govt. from doing what it does best…ie…….imprisonning ,torturing,raping,create organ removing cells ..from Generals to Rashaidas ..and then to Bedouin destination…Cairo.
      “ነዚ ሕያዋይ መንግስትና ኣብ ኣወል ቡኑ ዘዕገርግርዎ”. Also also enterfer in our peoples lives …by obliging Eritrean attend higher education, giving them work, instead of slavery…ወያነን ጽዓዱን ተጠንቀቑ ካብዚ ትገብርዎ ዘለኹም ፣ መሰል መንግስቲ ኤርትራ ትግህሱ ኣለኹም !!!ንሕና ኤርትራውያን በሊዕናን ሰቲናን ብዘይ ሕልና ወቐሳ እናደቀስና ንስኻትኩም እንታይኩም ሓቢጡኩም ??? ሓገዝኩም ኣየድልየናን እዩ !!! Well , do not get me wrong ,FOOD STAMPS is o.o.k .ግን ብጽፍርና ከም ንሓድር ክኣ ፍለጡ…ምኽንያቱ በጻፍርና ታክሲ ምዝዋር ጀሚርና ኣለና !!!!

  • aaron March 18, 2012

    besides out loud cry, what you are going to do ? whether Ethio’s attcak carried out in Eritrea agains higdef or not as the people of Eritrea have no power to stop them.

  • SINGAPO-ERITREAN March 18, 2012

    SAMI,YOU ARE RIGHT ON THE MONEY….Quote…”ስርዓት ወያነ፣ ኣብ ልዕሊ ሃገረ ኤርትራ ቑሉዕ ወራር ከካይድ፣ ሱቕ ኢልና ኣይንርእን”………….end of quote………….WE will use internet & call Woyanes names, Let US SEE HOW THEY LIKE IT ????….ፕረሲደንት ኢሳያስ ንወያነ ዝሃቦ መጠንቀቕታ ድማ…ብኢንተርነት ጌርና ንሰደልኩም ጸርፍታት, ዘይትኣደነ ምዃኑ ነጠንቅቐኩም። ኣንቱም ብዩኒቨርሲታት ተኵኑ ዘሎ ሓንጎልኩም፣ ጅግንነት ተረኺቡለይሲ ….ንኮሎምብያ ንድሕሪት ትረፊ ኢልኩም ካብ ዓለም ሳልሳይ ደረጃ ናይ ቡን ሰዳዲት ዝነበረት…..ተርትኣ, ብስራሕኒ ፣ ርሃጽኒ፣ ናይ technology ጥበብኒ ተጠቒምኩም ከም ዘሕደግኩማ ,ፈገረግር… ነደቕቲ sophisticated ሓጽቢ, ስራሕ ሰብኡት ተረኺቡ ድዩ….ቤት ማእስርትታት ገዲፍካ ዩኒቨርሲታት ምህናጽ…ሰብኡት ጎደጕዲ ይፍሕሩ ኣለዉ..ኣብ ዩኒቨርሲታት ኮፍ ኢሎም ካብ ዝውዕሉ, ድፋዓት እዩመ ዝሃንጹ ዘለዉ…ንነገሩ ማለት እምበር ..ሓደራ ኣይትምጽኡ…ወይ ኣብኣ ትረኽብዋ,ብሜላዊ ምዝላቕ ጌርና ከነሳራጥየኩም ኢና . ኣይትሕዙናን ኢኹመ ። ..continues on page 2..

  • SINGAPO-ERITREAN March 18, 2012

    PART – 2..ካብ ወጻኢ ሃገራውያን ዝሰደድዎ ማይክል ጆርዳን ሳእንታት ኣሎ…ኣንኳይዶ ወያነሲ ነብሪ እኳ ኣየርክበናን´ዩ !!!
    ን President Obama ምድዋል ኣይጠፍኣናንዩ. ከምቲ ንex – president CLINTON ዘተሳእናዮ ብለይቲ ። ። ,ኦዘን ጸለምቲ ግን ኣንኳይዶ ለይቲ። ። ምዕልቲ´ውን ቀልጢፈን ኣይትስኣናንየነ…ስለዚ ዝሰፍሔ ወረራ ከተካይዱ እንተ ዄንኩመ…ድሕሪ ቀትሪ ከም ትገብርዎ ተማባጽዑልና……ንሕና ምትኳስ ምሂርናየንሲ…ኦቲ ንሕና ዝምሃርናየን ናይ ጕድጓድ ምዅዓት ስትራተጂ ገዲፈንሲ….ቆረጣ…ስንጠቓ ዝብሃል ኣውጺኤን ተጻዊተናልና ። እዘን ዓጋመ እዚኣተን እኳ ኣይእመናኒ እየን ,ብጀካ ተምቤን…….ሓድሽ ናህና ዝምሃዝናዮ ትልሚ ውግእ ´ውን ኣሎ እዩ። ከምዚ ናታውትኽን ቅይርይር ዘብዝሕ ስንጥቅጣ ቆረጣ ኣይኮነኒ !!! …ፍርጠጣ እዩ ዝብሃል … ምስማዕኩም ኣይተርፍንዩ…80% ህግደፍና ኣዝማድክን እንዲና…sorry, ኣዝማድክን እንድዮመ ዝብል ኣፍ እዩ !!! ክብል ፕረሲደንት ኢሳያስ ኣብ ሽቓቕ ኮፍ ኢሉ ኣጠንቂቑዎም !!!

  • Girmay T. March 18, 2012


    I can’t stop laughing!!! You tell the truth about HIGDEF supporters in most hilarious way I can imagine…keep it up!


    • SINGAPO-ERITREAN March 18, 2012

      Believe it or not ,I burn while composing such “satire”….I am not angry at Isaias ,..A wolf kills sheep & eat it …It is not due to class struggle or one of them being ,Jew & the other Palestinian…It is the laws of nature..History shows ..that PFDJ /EPLF has been doing this atrocites for ever. But , we the people have no brain ,identity or conscience ,,,I am angry at us.
      Thanks for taking time & appreciated my piece.