Stocks and Investing
Stocks and Investing
Tue, June 19, 2012
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Mon, June 18, 2012
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[ 01:22 PM ] - Market Wire
June 18, 2012 14:50 ET
Baja Mining's Disclosure Challenged by Louis Dreyfus
VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 18, 2012) - Baja Mining Corp. ("Baja") (TSX:BAJ)(OTCQX:BAJFF) announced today that Louis Dreyfus Commodities Metals Suisse, S.A. ("Dreyfus") has commenced litigation against it in the Supreme Court of British Columbia.
Dreyfus is seeking an independent investigation of the cost overruns to the Boleo Project and Baja's disclosure thereof, as well as the removal of officers and directors which it says share responsibility for Baja's alleged failure to make timely disclosure of the cost overruns.
Baja intends to defend this action vigorously.
Contributing Sources