Turquoise Hill Settlement Approved — Here’s How to Get Your Share

Court: S.D. New York

Case: 1:20-cv-08585

The court has approved the settlement between Turquoise Hill and $TRQ investors and all its terms.

What is this settlement?

In July 2019, Turquoise Hill disclosed that the Oyu Tolgoi underground expansion would face delays of up to 30 months and cost $1.2–$1.9 billion more than previously estimated. These revelations caused a sharp drop in $TRQ shares, and investors filed a lawsuit.

Following this, Turquoise Hill has agreed to settle by paying $138.75M to investors.

What can you do to recover your losses now?

You can now submit your claim and be notified of any further updates.

More than 100 companies are currently paying out settlements. Connect your brokerage account to automatically check which ones you may have missed.