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In re Molycorp. Inc. Securities Litigation
Case Number:
1:13-cv-05697
Court:
Nature of Suit:
Multi Party Litigation:
Class Action
Judge:
Firms
Companies
Sectors & Industries:
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November 21, 2016
Molycorp Settles With Investors Over Mine For $1.25M
Molycorp Inc. investors have asked a New York federal judge to approve a $1.25 million settlement to end claims that the bankrupt mining company and its executives misled them over certain business prospects, including a bid to modernize and reopen a long-closed mine in California.
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March 13, 2015
Molycorp Shareholder Suit Over Mine Project Gets Axed
A New York federal judge on Thursday dismissed claims against mining outfit Molycorp Inc. accusing the company and its executives of misleading investors over a bid to modernize and reopen a long-closed mine in California and other business prospects, saying the plaintiffs were essentially pleading "fraud by hindsight."