Shareholders Filed a Lawsuit Against Endeavour Mining for Concealing Irregular Payment

On January 4, 2024, EDV shareholders have filed a class action against Endeavour Mining, accusing it of concealing a $5.9 million irregular payment tied to the sale of its Agbaou gold mine and misrepresenting governance and compliance safeguards.

What is this lawsuit about?

Between March 18, 2021, and January 4, 2024, Endeavour Mining assured investors of strong governance, internal controls, and compliance practices. In reality, an internal investigation uncovered a $5.9 million unauthorized or improperly approved payment connected to the Agbaou mine sale, revealing serious governance lapses.

The findings led to the termination of the CEO, and once disclosed, EDV shares dropped sharply, causing significant investor losses.

What can you do to recover your losses now?

We’re keeping track of all updates and will notify EDV investors about potential recovery.

More than 600 companies are currently facing securities class action lawsuits, and over 100 are already paying settlements. Connect your brokerage account to automatically check which ones you may have missed.