PHILADELPHIA, Jan. 18, 2024 (GLOBE NEWSWIRE) -- Berger Montague, with offices in Canada and throughout the United States, is currently investigating potential violations of the federal securities laws on behalf of shareholders of Endeavour Mining plc (“Endeavour”) (OTC: EDVMF; TSX: EDV).
CLICK HERE TO LEARN MORE ABOUT THE INVESTIGATION
Endeavour, together with its subsidiaries, operates as a gold mining company in West Africa. The company is headquartered in London.
On January 4, 2024, Endeavour’s Board of Directors announced the termination of Endeavour’s President and Chief Executive Officer, Sébastien de Montessus, following the Board’s investigation “into an irregular payment instruction issued by him in relation to an asset disposal.” The Board had become aware of a $5.9 million payment instruction in connection with a review of acquisitions and disposals. The termination of Mr. De Montessus for serious misconduct took place with “immediate effect.” He had been CEO since 2016.
Following this news, Endeavour’s stock price fell dramatically on very heavy volume.
If you are an Endeavour investor and would like to learn more about our investigation, please contact Berger Montague: James Maro at jmaro@bm.net or (267) 637-3176, or Andrew Abramowitz at aabramowitz@bm.net or (215) 875-3015 or CLICK HERE.
Berger Montague, with offices in Canada, Philadelphia, Minneapolis, Washington, D.C., Delaware, San Diego, San Francisco and Chicago, has been a pioneer in securities class action litigation since its founding in 1970. Berger Montague has represented individual and institutional investors for over five decades and serves as lead counsel in courts throughout the United States.
Contacts:
James Maro, Senior Counsel
Berger Montague
(267) 637-3176
jmaro@bm.net
Andrew Abramowitz, Senior Counsel
Berger Montague
(215) 875-3015
aabramowitz@bm.net
