** Shares of Australia's Paladin Energy PDN.AX fall 5.9% to A$5.78, their lowest levels since May 23
** The uranium miner, after market close on Thursday, said that a class action law firm intends to file proceedings against PDN in the Supreme Court of Victoria
** The class action proceedings hold allegations that PDN made misleading representations and contravened its ASX continuous disclosure obligations between June 2024 and March 2025
** Stock down 19.8%, YTD
(Reporting by Rishav Chatterjee in Bengaluru)
((Rishav.Chatterjee@thomsonreuters.com;))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.