a complete guide to the SSR MINING LAWSUIT

If you suffered losses in SSR Mining stock, contact SSR Miling stock loss lawyer Timothy L. Miles about a SSR Mining lawsuit

INTRODUCTION TO THE SSR MINING CLASS ACTION LAWSUIT

Contact Timothy L. Miles for a free case evaluation about the SSR Mining class action lawsuit today

The SSR Mining class action lawsuit seeks to represent purchasers or acquirers of SSR Mining Inc. (NASDAQ: SSRM) publicly traded securities between February 23, 2022 and February 27, 2024, inclusive (the “Class Period”).  Captioned Akhras v. SSR Mining Inc., No. 1:24-cv-00739 (D. Colo.), the SSR Mining class action lawsuit charges SSR Mining and certain of SSR Mining’s top current and former executives with violations of the Securities Exchange Act of 1934.
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If you suffered losses in SSR Mining stock and wish to serve as lead plaintiff in the SSR Mining class action lawsuit, or just have general questions about your rights as a shareholder, please contact SSR Mining Stock Loss Lawyer Timothy L. Miles, at no charge, by calling 855/846-6529 or via e-mail at [email protected] or by submitting a contact form. 

​Lead plaintiff motions for the SSR Mining class action lawsuit must be filed with the court no later than May 17, 2024.

In this complete guide, we will discuss everything an SSR Mining shareholder will need to know about the SSR Mining class action lawsuit.

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WHAT ARE THE ALLEGATIONS IN THE SSR MINING CLASS ACTION LAWSUIT?

If you suffered losses in SSR Mining stock, call today about a SSR Mining class action lawsuit

​SSR Mining is engaged in the operation, acquisition, exploration, and development of precious metal resource properties.

The SSR Mining class action lawsuit alleges that defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (i) defendants materially overstated SSR Mining’s commitment to safety and the efficacy of its safety measures; and (ii) SSR Mining engaged in unsafe mining practices which were reasonably likely to result in a mining disaster.
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The SSR Mining class action lawsuit further alleges that on February 13, 2024, SSR Mining announced it would suspend operations at its Copler mine “as a result of a large slip on the heap leach pad.”  The complaint further alleges that on the same day, Reuters published an article titled “SSR Mining halts gold production in Turkey after landslide, shares tank,” which further stated that “SSR Mining on Tuesday suspended production at a mine in eastern Turkey after a landslide, which left at least nine miners missing.”  On this news, the price of SSR Mining stock fell nearly 54%, according to the complaint. 

The SSR Mining class action lawsuit further alleges that on February 18, 2024, SSR Mining disclosed that it “acknowledge[s] that several of our team members are facing charges in relation to the recent incident.”  On this news, the price of SSR Mining stock fell more than 8% over two trading sessions, according to the complaint.

​Then, on February 27, 2024, according to the complaint, SSR Mining’s Executive Chairman of the Board of Directors, defendant Rodney P. Antal stated that “[s]ix personnel are being detained and are facing charges in relation to the incident and we’re ensuring they receive the necessary support while respecting the Turkish legal process.”  Defendant Antal further disclosed that “the Copler incident will have an impact on our financial results in 2024,” the complaint further alleges.  On this news, the price of SSR Mining stock fell nearly 8%, according to the complaint.

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WHAT IS THE LEAD PLAINTIFF DEADLINE IN THE SSR MINING CLASS ACTION LAWSUIT?

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​​​When a securities class action is filed such as the SSR Mining class action lawsuit, the person who files the first complaint is required to publish a notice announcing the filing. Anyone who wants to be lead plaintiff on behalf of the class must thereafter file a motion to be appointed as lead plaintiff(s) no later than 60 days after the notice was published. 

Lead plaintiff motions for the SSR Mining class action lawsuit class action lawsuit must be filed with the court no later than May 17, 2024.

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WHAT ARE MY CHOICE IF I RECEIVE A NOTICE FROM THE COURT IN THE CLASS ACTION AGAINST SSR MINING?

​​First, read the notice very carefully.  You have two choices.  First, you can do nothing and remain a member of the class represented by lead counsel.  Second, if you believe you have a large enough loss to justify it, you can opt out and file your own separate lawsuit. Note, that if you opt-out, you will not be able to participate in any settlement or recovery obtained in the SSR Mining lawsuit. 

IF I RECEIVE A SETTLEMENT FROM FINRA CAN I STILL PARTICIPATE IN THE SSR MINING AWSUIT?

​Yes, the acceptance of restitution or compensation from a FINRA regulatory settlement does not waive your right to monetary or other benefits through the courts, arbitration, or mediation. Therefore, even if you received a settlement from FINRA, you could still participate in the SSR Mining class action lawsuit. 

WHAT IS A SECURTIES CLASS ACTION AGAINST SSR MINING?

A securities fraud class action refers to a legal action taken by a group of investors who have suffered financial losses as a result of fraudulent activities committed by a company or its executives. This type of lawsuit is typically filed when a company misrepresents or withholds important information from investors, leading to a decline in the value of their investments. The purpose of a securities fraud class action is to seek compensation for the affected investors and hold the company accountable for its fraudulent practices.  Securities fraud class actions are governed by the Private Securities Litigation Reform Act (PSLRA).

One notable securities fraud class action lawsuit is the SSR Mining class action lawsuit. In this case, investors who purchased SSR Mining​​ securities alleged that the company made false and misleading statements and misled investors, and when the truth was ultimately disclosed, they suffered losses from purchasing shares that had been artificially inflated by the false and misleading information until finally a corrective disclosure.

Securities fraud class actions are typically initiated by a lead plaintiff or a group of lead plaintiffs who represent the interests of all the affected investors. The lead plaintiff is often an institutional investor or a large shareholder who has suffered substantial losses and possesses the resources and expertise to effectively pursue the lawsuit on behalf of the class. The lead plaintiff's role is crucial in coordinating with legal counsel, gathering evidence, and making strategic decisions throughout the litigation process.

To proceed with a securities fraud class action, the lead plaintiff must demonstrate that there is a common issue of law or fact among the members of the class and additionally must also demonstrate that a class action lawsuit is under the circumstances the most efficient and appropriate method for resolving their claims. If these requirements are met, the court will certify the lawsuit as a class action, allowing all eligible investors to participate in the litigation and share in any potential recovery.
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Once certified, the securities fraud class action typically goes through several stages, including discovery, where both parties exchange relevant documents and information, and motion practice, where each side presents legal arguments to the court. If the case does not settle during these stages, it may proceed to trial, where a jury or judge will determine liability and damages.

In securities fraud class actions, the defendants are usually the company accused of fraud and its executives who were involved in the fraudulent activities. The lead plaintiff seeks damages on behalf of all class members, which may include compensation for their financial losses, interest, attorneys' fees, and other costs incurred throughout the litigation process.

In conclusion, a securities fraud class action is a legal mechanism used by investors to seek compensation for financial losses resulting from fraudulent activities committed by a company. The SSR Mining class action lawsuit serves as an example of how investors can hold companies accountable for their alleged misrepresentations and omissions. These lawsuits play an essential role in protecting investor rights and promoting transparency in the financial markets.

WHAT DO THE PLAINTIFFS HAVE TO PROVE TO PREVAIL IN THE SSR MINING CLASS ACTION LAWSUIT?

​To understand the basis of the SSR Mining class action lawsuit, it is essential to grasp the key elements of securities fraud actions. The majority of securities fraud claims are brought under Section 10(b) of the Securities Exchange Act of 1934 and SEC Rule 10b-5. To prevail in a Rule 10b-5 action, a plaintiff must establish six elements:

1. The defendant made a material misrepresentation or omission.
2. The defendant acted with scienter, a wrongful state of mind.
3. The misrepresentation or omission was made in connection with the purchase or sale of a security.
4. The plaintiff relied on the misrepresentation or omission.
5. The plaintiff suffered an economic loss as a result of the fraud.
6. The plaintiff can prove loss causation, showing that the fraudulent misrepresentation or omission caused the economic loss.

Courts have extensively litigated these elements in various factual contexts over the past decades, shaping the legal landscape for securities fraud actions.​

WHAT ARE THE STAGES TO THE SSR MINING CLASS ACTION LAWSUIT?

​Securities fraud class actions go through a series of stages. In the SSR Mining lawsuit, the various steps to the lawsuit would be as follows:

• Consolidation of all related cases and the appointment of a lead plaintiff.
• Lead Plaintiff's filing of a consolidated complaint.
• Defendants' motion to dismiss.
• Class certification.
• Discovery.
• Settlement talks and most likely mediation.
• Motions for summary judgment.
• Trial.
• Appeal.

WHAT IS THE LEAD PLAINTIFF PROCESS IN THE SSR MINING CLASS ACTION LAWSUIT?

​The PSLRA permits any investor who purchased and suffered losses in SSR Mining​ stock to seek appointment as lead plaintiff in the SSR Mining class action lawsuit. A lead plaintiff is generally the movant with the greatest financial interest in the relief sought by the putative class who is also typical and adequate of the putative class. ​

​A lead plaintiff acts on behalf of all other class members in directing the class action lawsuit. The lead plaintiff can select a law firm of its choice to litigate the securities class action lawsuit.  An investor’s ability to share in any potential future recovery of the class action lawsuit is not dependent upon serving as lead plaintiff. If you suffered losses in SSR Mining​ stock and have further questions, contact SSR Mining​stock loss Lawyer Timothy L. Miles today.

CAN A NON-U.S. INVESTOR SERVE AS LEAD PLAINTIFF IN THE CLASS ACTION AGAINST SSR MINING?

​Yes, courts in the U.S. have consistently recognized that non-U.S. investors, many of whom have substantial holdings, are adequate lead plaintiffs and have the same right to move for lead plaintiffs as U.S. investors.  Thus, if a non-U.S. investor suffered losses in SSR Mining​​stock, they may move the Court to be appointed lead plaintiff in the class action against SSR Mining. 

WHAT ARE THE BENEFITS OF SERVING AS LEAD PLAINTIFF IN THE SSR MINING CLASS ACTION LAWSUIT?

Serving as a Lead Plaintiff in the SSR Mining class action lawsuit has several important benefits and advantages including:

• A Lead Plaintiff can negotiate more competitive attorney fees and reduce other litigation costs by actively monitoring the class counsel.
• Lead Plaintiff has the benefit of being able to manage the litigation primarily by overseeing and monitoring the progress of the action and the efforts of counsel and being able to review and comment on important filings and other documents about the prosecution of the action.
• There is no financial risk in serving as a Lead Plaintiff because Lead Counsel advances all costs and expenses incurred in the prosecution of the case and will be reimbursed only if there is a successful settlement or judgment recovery on behalf of the class.
• Lead Plaintiff has the benefit of being involved and active in all negotiations relating to any settlement.
• Lead Plaintiffs that continue owning the stock of the defendant will enjoy the long-term benefits from governance reform resulting from the litigation. 

Thus, there are numerous benefits and other advantages to serving as lead plaintiff in a class action against SSR Mining​​ if you suffered significant losses in SSR Mining​​ stock. 

WHAT RESPONSIBILITIES WILL THE LEAD PLAINTIFF HAVE IN THE SSR MINING CLASS ACTION LAWSUIT?

​​A Lead Plaintiff owes a fiduciary duty to the class, and therefore, must act in the best interest of the class in the SSR Mining class action lawsuit.  Some of the responsibilities of the Lead Plaintiff include:

• Selecting, monitoring, and overseeing Lead Counsel.
• Reviewing and commenting on court filings on behalf of the class.
• Discussing litigation strategies with the Lead Counsel.
• Attending depositions (if necessary) and giving a deposition.
• Attending hearings (if necessary).
• Participating in mediation and the trial (if necessary).
• Provide input on any decision concerning the settlement of the securities class action.

CAN I BE APPOINTED LEAD PLAINTIFF IN THE SSR MINING CLASS ACTION LAWSUIT IF I PURCHASED SHARES OUTSIDE OF THE CLASS PERIOD?

No.  Even if you suffered losses in SSR Mining​​​ stock, if you purchased securities outside of the Class period, you will not be able to participate in the SSR Mining lawsuit.

WILL THE LEAD PLAINTIFFS GET MORE MONEY THAN CLASS MEMBERS IF THE SSR MINING CLASS ACTION LAWSUIT SETTLES?

​No, but they may be entitled to recover their reasonable expenses incurred with are directly related to representing the class. Under the PSLAR, a Lead Plaintiff is only entitled to his or her pro rata share of any recovery and does not receive any additional money for serving as a representative party on behalf of the class. However, a court, in its discretion, may approve an award of “reasonable costs and expenses (including lost wages)” to a Lead Plaintiff that directly relates to the representation of the class in the SSR Mining class action lawsuit on behalf of investors who suffered losses in SSR Mining​ stock.  15 U.S.C. § 78u–4(a)(4).

CAN THE COURT APPOINT MORE THAN ONE LEAD PLAINTIFF IN THE SSR MINING CLASS ACTION LAWSUIT?

​​Yes, at its discretion the Court may appoint a person, entity, or group of persons and/or entities as Lead Plaintiffs in the SSR Mining class action lawsuit.

HOW WAS THE CLASS PERIOD DETERMINED IN THE SSR MINING CLASS ACTION LAWSUIT?

In a securities fraud class action, the class period refers to a period of time in which it is alleged the price of the company’s stock was artificially inflated due to false and misleading statements made by company executives.  The class period starts when the company makes an untrue statement of material fact about the company or fails to disclose a material fact necessary to render other statements not misleading.  The class period ends when the truth is revealed to the investing public through a corrective disclosure.  
 
To be a part of the class in the SSR Mining class action lawsuit, you must have suffered losses in SSR Mining​​ stock by purchasing during the class period when it is alleged the price of the stock was artificially inflated to be included in the class action against SSR Mining​​​.  ​

HOW MUCH CAN I GET OUT OF THE SSR MINING CLASS ACTION LAWSUIT?

​​​In a securities fraud class action lawsuit, the plaintiff’s damages are typically calculated as out-of-pocket losses. These losses are expressed as the difference between the price at which the stock was sold and the price at which the stock would have been sold absent any artificial inflation caused by the defendant’s alleged misrepresentations or omissions which is why you suffered losses in SSR Mining​​ stock. Contact an SSR Mining stock loss lawyer who could explain your losses in greater detail if you suffered losses in SSR Mining stock. 

WHEN CAN I EXPECT TO RECEIVE MY PAYMENT IF THE CLASS ACTION AGAINST SSR MINING SETTLES?

​If there is a settlement in the SSR Mining class action lawsuit, you should receive a court-ordered Notice through the mail which will provide a date when the court will hold a final hearing to decide if it will approve the settlement. If your address changed, you may also find lawsuits through sites such as Consumer Action and ClassAction.org along with instructions on how to submit a claim. The Notice will instruct you what you need to do to file a claim. In some class action settlements, you are automatically submitted and need to do nothing further. However, in others, you may be required to submit more information to proceed such as documentation proving your purchase, such as a receipt or brokerage slip or other evidence that you bought or sold SSR Mining stock during the class period and suffered losses in SSR Mining stock.
 
The court will hold a final hearing in the SSR Mining lawsuit on a date provided in the Notice to decide whether to finally approve the settlement. If the Court finally approves the settlement, and there are no objections or appeals, settlement payments will be mailed to all Participating Class Members within a few months. However, if there are objections or appeals, resolving them can take a significant amount of time, perhaps more than a year to resolve the SSR Mining lawsuit. ​

IF THERE IS A SETTLEMENT IN THE CLASS ACTION AGAINST SSR MINING, AND I DO NOT THINK IT IS FAIR, WHAT ARE MY OPTIONS AS A CLASS MEMBER?

​If you receive a notice that the SSR Mining class action lawsuit has been settled and you do not believe the settlement is fair but do not want to opt-out and file your own lawsuit, you may object to the settlement. You may object to any part of the settlement and the Court will consider all timely filed objections in the class action against SSR Mining​​. The notice will contain the date when any objections must be filed and will include instructions on where to send your objection and will also include a date for the final hearing in the SSR Mining class action lawsuit if you would like to appear and be heard by the court in the class action against SSR Mining​​.

WHAT IS THE DIFFERENCE BETWEEN OBJECTING AND EXCLUDING MYSELF IN THE SSR MINING CLASS ACTION lAWSUIT?

​​Objecting is telling the Court you do not believe the settlement in the SSR Mining class action lawsuit, or some part of it, is fair or reasonable.  You can file an objection only if you stay in the Class and do not exclude yourself, and you may submit a Claim Form even if you object to the settlement.  On the other hand, requesting exclusion is explicitly telling the Court you do not want to be part of the Class or the Settlement in the class action against SSR Mining. If you exclude yourself, you cannot object to the Settlement because you no longer have standing as you are not a class member anymore. Similarly, you cannot submit a Claim Form. If you stay in the Class and object, but your objection is overruled, you will not be allowed a second opportunity to exclude yourself.

CONTACT A SSR MINING​ STOCK LOSS LAWYER TODAY ABOUT A SSR MINING CLASS ACTION LAWSUIT

If you suffered losses in SSR Mining​ stock, contact SSR Mining​ stock loss lawyer Timothy L. Miles today for a free case evaluation about a SSR Mining class action lawsuit. Call today and see what a SSR Mining stock loss lawyer could do for you if you suffered losses in SSR Mining​​​ ​stock. This will most likely be the only call you need to make. (855) 846–6529 or [email protected]. ​​

The Law Offices of Timothy L. Miles
Tapestry at Brentwood Town Center
​300 Centerview Dr., #247
Brentwood, TN 37027
Phone: (855) 846–6529
​Email: [email protected]

SSR Mining​ stock loss lawyer Timothy L. Miles​

Nashville attorney Timothy L. Miles is a nationally recognized shareholder rights attorney raised in Nashville, Tennessee. Mr. Miles has dedicated his career to representing shareholders, employees, and consumers in complex class-action litigation. Whether serving as lead, co-lead, or liaison counsel, Mr. Miles has helped recover hundreds of millions of dollars for defrauded investors,  shaped precedent-setting decisions, and delivered real corporate governance reforms. Judges and peers have repeatedly recognized Mr. Miles’ relentless advocacy for the underdog, as well as his unbendable ethical standards. Mr. Miles was recently selected by Martindale-Hubbell® and ALM as a 2026 Top Ranked Lawyer, 2022 Top Rated Litigator. and a 2022 Elite Lawyer of the South. Mr. Miles also maintains the AV Preeminent Rating by Martindale-Hubbell®, their highest rating for both legal ability and ethics. Mr. Miles is a member of the prestigious Top 100 Civil Plaintiff Trial Lawyers: The National Trial Lawyers Association,​Class Action:  Class Action: Top National Trial Lawyers, National Trial Lawyers Association (2023), a superb rated attorney by Avvo, a recipient of the Lifetime Achievement Award by Premier Lawyers of America (2019) and recognized as a Distinguished Lawyer, Recognizing Excellence in Securities Law, by Lawyers of Distinction (2019); a Top Rated Litigator by Martindale-Hubbell® and ALM  (2019-2022); America’s Most Honored Lawyers 2020 – Top 1% by America’s Most Honored (2020-2022).  Mr. Miles has published over a thousand on various issues of the law, including class actions, whistleblower cases, products liability, civil procedure, derivative actions, corporate takeover litigation, corporate formation, mass torts, dangerous drugs, and more.  Please visit our website or call for free anytime.

CONTACT                                                      
The Law Offices of Timothy L. Miles
Tapestry at Brentwood Town Center
​300 Centerview Dr., #247
Brentwood, TN 37027
​​Phone: (855) 846-6529
​Email: [email protected]