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Symbol: SVM

Class Period:
06-24-2010 - 09-13-2011    

Silvercorp Metals, Inc.

In re Silvercorp Metals, Inc. Securities LitigationNo. 12-cv-9456 (JSR) in the United States District Court for the Southern District of New York concerned an alleged fraud by Silvercorp Metals, Inc. (“Silvercorp”), a Canadian company, and its CEO during the class period of May 20, 2009 through September 13, 2011, inclusive. The fraud concerned Silvercorp’s public statements regarding various metrics at its flagship mine in China, as well as Silvercorp’s compliance with applicable Chinese laws and regulations. After two years of litigation, the case was settled for the creation of a $14 million gross settlement fund, from which will be paid attorney’s fees and expenses. The court granted preliminary approval in an order dated November 12, 2014. Notice was subsequently mailed and published. Copies of the stipulation of settlement, the preliminary approval order, the notices, the proof of claim form are posted on this page. 
Please note: This litigation concerned only Silvercorp stock traded on the New York Stock Exchange. It does not concern Silvercorp stock traded in Canada. 

Notice of Proposed Settlement of Class Action, Motion for Attorneys’ Fees and Expenses, and Settlement Fairness Hearing, and Proof of Claim Form 

Summary Notice of Pendency and Proposed Settlement of Class Action and Settlement Hearing 

Stipulation and Settlement Agreement 

Order Granting Preliminary Approval of Settlement 

Schedule of Transactions