A lawsuit was filed on behalf of investors in Primero Mining Corp (NYSE:PPP) shares over alleged securities laws violations and NYSE:PPP investors should contact the Shareholders Foundation.

San Diego, CA -- (SBWire) -- 03/01/2016 --A shareholder in Primero Mining Corp (NYSE:PPP) filed a lawsuit over alleged Securities Laws violations by Primero Mining Corp.

Investors who purchased shares of Primero Mining Corp (NYSE:PPP) have certain options and for certain investors are short and strict deadlines running. Deadline: April 15, 2016. NYSE:PPP investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call 858-779-1554.

The plaintiff claims that between October 5, 2012 and February 3, 2016 Defendants issued allegedly false and misleading statements to investors and/or failed to disclose material facts about tax compliance at Primero's Mexican subsidiary, Primero Empresa Minera, S.A. de C.V.

On February 4, 2016 Primero Mining Corp (NYSE:PPP) announced that its Mexican subsidiary, Primero Empresa Minera, S.A. de C.V. ("PEM"), has received a legal claim from the Mexican tax authorities, Servicio de Administración Tributaria ("SAT"), seeking to nullify the Advance Pricing Agreement ("APA") issued by SAT in 2012. Primero Mining Corp said the APA confirmed the Company's basis for paying taxes on realized silver prices for the years 2010 to 2014 and represented SAT's agreement to accept that basis for those years. Shares of Primero Mining Corp (NYSE:PPP) declined on February 5, 2016, to as low as $1.54 per share.

Those who purchased shares of Primero Mining Corp (NYSE:PPP) have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com