03:46 PM EST - Silvercorp Metals Inc. : announced that a New York law firm has launched a class-action suit against Silvercorp and three of its executives.The class action suit, which was filed in a New York District Court on December 28, 2012, has been brought on behalf of people who bought Silvercorp shares between June 24, 2010 and September 13, 2011. It alleges that Silvercorp violated U.S. Federal Securities laws by overstating the quality and quantity of its ore reserves at its Ying mine in China. Silvercorp Metals Inc.
shares T.SVM are trading down $0.09 at $4.74.
