A former Canadian gold company and its then-CEO won’t face a suit from an investor who said he lost $139 because they allegedly misled shareholders about its acquisition of another corporation, a judge ruled on Friday.
Investor Stephen Brahms said that Kirkland Lake Gold Ltd. and former CEO Anthony Makuch tricked investors into thinking the company was focused on growing its own operations and would not acquire others unless they were of high quality, even though it later would buy Detour Gold Corporation.
Judge J. Paul Oetken, in granting Kirkland’s motion for summary judgment and directing the court to ...
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