Australia’s Paladin Energy (ASX: PDN) is facing the prospect of a second class action lawsuit tied to its 2024 production guidance.
The new legal action, if initiated, would unfold in the Supreme Court of Victoria in Melbourne and mirrors claims made in an earlier class action alleging the uranium miner misled investors.
The potential new proceedings focus on disclosures made between June 27, 2024, and March 25, 2025. The previous suit accused Paladin of misleading investors and breaching ASX continuous disclosure rules between June 27 and November 11, 2024. Both actions centre on Paladin’s uranium production forecasts.
“Paladin intends to strangle defend any proceedings in relation to those matters, if they are commenced,” the uranium producer said.
The Perth, Australia-based company restarted its flagship Langer Heinrich mine in Namibia in late 2023, after a five-year shutdown.. It issued…
