A settlement was reached with the defendants in the lawsuit filed on behalf of certain investors of Molycorp Inc (NYSE:MCP) over alleged securities laws violations and a deadline to submit the settlement claim is upcoming on June 14, 2017 and NYSE:MCP investors should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 05/04/2017 -- The Shareholders Foundation announces that a deadline is coming up on June 14, 2017 in the settlement reached in the securities class action lawsuit filed on behalf of investors who purchased shares of Molycorp Inc (NYSE:MCP) between February 7, 2011 through November 10, 2011.
Investors who purchased a significant amount of shares of Molycorp Inc (NYSE:MCP) between February 7, 2011 through November 10, 2011, have certain options and should contact the Shareholders Foundation by email at mail@shareholdersfoundation.com or call 858-779-1554.
The settlement proof of claim form or detailed settlement notice for the settlement in the Molycorp Inc (NYSE:MCP) Investor Securities Class Action Lawsuit can be downloaded at: http://shareholdersfoundation.com/case/molycorp-inc-nyse-mcp-investor-securities-class-action-lawsuit-02032012
In order to submit a claim an investor has to submit the claim proof to the class action claim administrator in a timely manner. The deadline to submit the proof with the class administrator is June 14, 2017. The class action administrator for this case is Gilardi & Co LLC.
The lawsuit was originally filed in the U.S. District Court for the District of Colorado against Molycorp Inc over alleged violations of Federal Securities Laws in connection with its "Mountain Pass" mining operation and with certain allegedly false and misleading statements made between March 9, 2011 and November 10, 2011. According to the complaint the plaintiff alleges on behalf of purchasers of Molycorp Inc (NYSE:MCP) common stock during the period between March 9, 2011 and November 10, 2011, that Molycorp Inc certain of its officers and directors violated the Securities Exchange Act of 1934. Specifically, the plaintiff alleges that the defendants' alleged false and misleading statements about the capability of Molycorp Inc's "Mountain Pass" mining operation and Molycorp Inc's earnings caused Molycorp Inc common stock to trade at artificially inflated prices between March 9, 2011 and November 10, 2011.
Those who purchased shares of Molycorp Inc have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com