A settlement was reached with the defendants in the lawsuit filed on behalf of certain investors of Puda Coal Inc (AMEX: PUDA) over alleged securities laws violations and a deadline to submit the settlement claim is upcoming on May 13, 2016 and AMEX: PUDA investors should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 05/12/2016 -- A deadline is coming up on May 13, 2016 in the settlement reached in the securities class action lawsuit filed on behalf of investors who purchased shares of Puda Coal Inc (AMEX:PUDA) between December 8, 2010 and April 11, 2011.
Investors who purchased a significant amount of shares of Puda Coal Inc (AMEX:PUDA) between December 8, 2010 and April 11, 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 Puda Coal Inc (AMEX:PUDA) Investor Securities Class Action Lawsuit can be downloaded at: http://shareholdersfoundation.com/case/puda-coal-inc-amex-puda-investor-securities-class-action-lawsuit-04142011
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 May 13, 2016. The class action administrator for this case is Macquarie Capital Fair Fund / Puda Coal.
The lawsuit was originally filed in the U.S. District Court for the Southern District of New York against Puda Coal Inc and certain of its officers and executives over alleged violations of Federal Securities Laws in connection with certain allegedly false and misleading statements made between November 13, 2009 and April 11, 2011. According to the complaint the plaintiff alleges on behalf of purchasers of the common stock of Puda Coal Inc. (AMEX:PUDA) between November 13, 2009 and April 11, 2011, that Puda coal Inc and certain of its officers and executives violated the Securities Exchange Act of 1934 by failing to disclose material adverse facts about its true financial condition, business and prospects.
Those who purchased shares of Puda Coal 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