Veris Gold Corp. (VG)

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No announcement of resumed production but YNG did post this. It it just me or do these guys get sued a lot?

YNG better start making ounces. I'm guessing the lawyers won't work for shares in the company.


July 21, 2009
Yukon-Nevada Gold Corp. receives class action lawsuit
Vancouver, BC -- July 21, 2009 -- Yukon-Nevada Gold Corp. (Toronto Stock Exchange: YNG; Frankfurt Xetra Exchange: NG6) Yukon-Nevada Gold Corp. (the "Company"), announces that it and its wholly owned subsidiary, Queenstake Resources U.S.A., Inc. ("Queenstake"), have been named as defendants in a class action lawsuit initiated by certain employees who were laid off in August 2008.

The action is for an alleged violation of the Federal WARN Act, Employment Retirement Income Security Act, State Labor Laws and to foreclose on labor liens not yet filed.

As previously stated in a news release dated April 16, 2009, Queenstake intends to satisfy all outstanding legal obligations due, caused by the shut down in August 2008. When the mine closed the Company paid as much as it could from available cash at the time, which was a reasonable proportion toward what was then due under the Federal WARN Act, Employment Retirement Income Security Act, and State Labor Law obligations. Since then it has paid approximately 50% of the then remaining outstanding balance due under the Federal WARN Act.

As Queenstake moves forward to recommence production as indicated in other recent news, it should soon be in a position to satisfy justifiable claims.

The Company and Queenstake will defend the class action from any and all unjustified claims where they believe there is no obligation.


Yukon-Nevada Gold Corp.
Nicole Sanches
Investor Relations Manager
Tel: [phone]
Email: [e-mail]
www.yukon-nevadagold.com