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Silvercorp Metals, Inc. SVM Securities Lawsuit

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Company: Silvercorp Metals, Inc.
Ticker Symbol: SVM
Class Period: Jun-24-10 to Sep-13-11
Date Filed: Jan-3-13
Lead Plaintiff Deadline: Mar-4-13
Court: Southern District of New York
Allegations:
New York, NY: A securities class action lawsuit has been filed in the United States District Court for the Southern District of New York on behalf of investors who purchased or acquired Silvercorp Metals, Inc. ("Silvercorp" or the "Company") (NYSE:SVM) securities between June 24, 2010 through September 13, 2011, inclusive (the "Class Period"), alleging violations of the Securities Act of 1934 against the Company, certain of its officers and directors (the "Complaint").

The Complaint charges that Silvercorp overstated the level of silver production at its mines, as well as the quality and quantity of its ore reserves. On September 13, 2011, analyst firm Alfred Little issued a report claiming that Silvercorp had inflated the size of its revenue, earnings, assets, and operations in its reports filed with the SEC. This adverse disclosure caused Silvercorp's share price to drop, damaging investors.

If you acquired the securities of the defendants during the Class Period you may, no later than the Lead Plaintiff Deadline shown above, request that the Court appoint you as lead plaintiff through counsel of your choice. You may also choose to remain an absent class member. A lead plaintiff must meet certain requirements.

Silvercorp Metals, Inc. SVM Securities Fraud Legal Help

If you have suffered from financial losses, you may qualify for damages or remedies that may be awarded in a possible Silvercorp Metals, Inc. securities class action lawsuit. Please fill in our form on the right to submit your complaint for a free evaluation.

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