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Ryan & Maniskas, LLP Announces Class Action Lawsuit
Class Action News |
2012/03/06 17:30
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Ryan & Maniskas, LLP announces that a class action lawsuit has been filed in United States District Court for the District of Colorado on behalf of purchasers of Molycorp, Inc. common stock during the period between March 9, 2011 and November 10, 2011.
For more information regarding this class action suit, please contact Ryan & Maniskas, LLP toll-free at (877) 316-3218 or by email at rmaniskas@rmclasslaw.com or visit: www.rmclasslaw.com/cases/mcp.
The complaint alleges that defendants’ false and misleading statements about the capability of the Company’s “Mountain Pass” mining operation and the Company’s earnings caused Molycorp common stock to trade at artificially inflated prices throughout the Class Period. Specifically, defendants misrepresented and/or failed to disclose the following adverse facts during the Class Period: (a) Molycorp’s development and expansion of the Mountain Pass mine was not progressing on schedule and would not allow the Company to reach rare earth oxide production rates at the end of calendar 2012 and 2013; and (b) end users had been reducing demand for the Company’s products as prices for rare earth elements increased.
On November 10, 2011, the Company reported disappointing third quarter 2011 revenues and earnings results below analysts’ estimates and announced a reduction in Mountain Pass production guidance for the fourth quarter of 2011 due to expected equipment downtime relating to Mountain Pass engineering and expansion issues. The Company’s stock price fell, dropping from $38.70 per share on November 10, 2011 to $33.45 per share on November 11, 2011, or 13.6%, on heavy trading volume.
If you are a member of the class, you may, no later than April 3, 2012, request that the Court appoint you as lead plaintiff of the class. A lead plaintiff is a representative party that acts on behalf of other class members in directing the litigation. In order to be appointed lead plaintiff, the Court must determine that the class member's claim is typical of the claims of other class members, and that the class member will adequately represent the class. Under certain circumstances, one or more class members may together serve as "lead plaintiff." Your ability to share in any recovery is not, however, affected by the decision whether or not to serve as a lead plaintiff. You may retain Ryan & Maniskas, LLP or other counsel of your choice, to serve as your counsel in this action.
www.rmclasslaw.com. |
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Federal Law Entitles You to an Accurate Credit Report
Headline News |
2012/03/06 13:35
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Indianapolis Credit Reporting Law Firm
The Fair Credit Reporting Act (the FCRA), a federal statute passed in 1970 to regulate the collection and use of consumer credit information, requires consumer reporting agencies (also known as credit reporting agencies or credit bureaus) to maintain the “maximum possible accuracy” of the credit information they collect and use to create consumer reports (also known as credit reports). When a consumer reporting agency fails to maintain this level of accuracy and errors occur, this federal law gives consumers the right to dispute information in their credit files and, when necessary, bring suit against those agencies and the furnishers of credit information to those agencies, to recover damages for those inaccuracies and errors.
Riley Bennett & Egloff Law combines experience and efficiency in credit reporting law to render their clients high quality legal representation. Their attorneys represents cosumers whose rights have been violated by the credit reporting agencies and runishers of credit information. Having represented a number of parties involved with these kinds of claims in federal court, their work has been acknowledged throughout the Indianapolis area.
www.rbelaw.com. |
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Conn. high court rules prisoners can be force-fed
Court Feed News |
2012/03/06 13:30
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Connecticut prison inmates who go on hunger strikes can be restrained and force-fed to protect them from life-threatening dehydration and malnutrition, the state Supreme Court ruled Monday.
The 7-0 decision came in the case of 51-year-old prisoner William Coleman, a Liverpool, England, native who stopped eating in September 2007 to protest his conviction on what he claimed was a fabricated rape charge by his ex-wife. The court rejected Coleman's claims that force-feeding violated his free speech rights and international law.
Coleman's weight dropped from 237 pounds to 129 pounds by October 2008, and a prison doctor who believed Coleman was at risk of dying or developing irreversible health problems determined it was necessary to force-feed him by inserting a feeding tube through his nose and into his stomach.
The first of what Coleman's lawyers say was about a dozen forced feedings was performed on Oct. 23, 2008, after prison officials had obtained permanent authority to force-feed him after a trial in Superior Court. Coleman appealed the Superior Court judge's ruling to the Supreme Court.
Coleman resumed taking liquid nutrition voluntarily in late 2008 and returned to a normal weight, court records say, but the American Civil Liberties Union of Connecticut says he went back on the hunger strike last week. |
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Supreme Court: Inmate cannot change court-appointed lawyer
Legal Career News |
2012/03/05 17:11
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The Supreme Court says a death row inmate can't change his court-appointed appeals lawyer because he didn't like the lawyer's defense tactics.
The justices on Monday turned away the appeal from Kenneth Clair, who was sentenced to death in California in 1987 for burglary and murder.
Clair wanted to change his federal public defender in 2005 because he says they were trying to stop his execution instead of trying to prove his innocence. A federal judge denied his request but the 9th U.S. Circuit Court of Appeals overturned that decision.
The justices ruled unanimously that the appeals court's decision was incorrect
Justice Elena Kagan wrote that Clair's request came just as a judge was about to make a final ruling so any change would have been too late. |
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Bankruptcy threat to iPad trademark challenger
Business Law Info |
2012/03/05 17:11
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A major creditor of Proview Electronics, which is challenging Apple Inc.'s use of the iPad trademark, has moved to have the ailing computer monitor maker liquidated, reports said Monday.
Taiwan-based Fubon Insurance is seeking $8.68 million in debts and has filed an application to have Proview declared bankrupt, the reports by the Xinhua News Agency and other mainland media said.
Proview's mainland Chinese subsidiary is based in the southern export zone of Shenzhen, where an official at the city's Intermediate Court said he expected an announcement regarding the case soon.
"It's a sensitive case in a sensitive period of time, so we won't comment or release information while we will have an announcement in the near future," said the official who gave only his surname, Zhu.
Proview lawyer Ma Dongxiao said the company believes its financial problems won't affect the handling of a court case in which Apple is appealing a ruling against its claim to the iPad trademark in China. |
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US Court rules against Helm in suit over ad
Court Feed News |
2012/03/02 17:14
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A New York court says Levon Helm long ago signed away rights that let an advertising agency use the song "The Weight" in a cellphone commercial.
The Band's former drummer and singer sued ad agency BBDO Worldwide Inc. in 2004. An appeals court ruled against him Thursday.
Helm sued after the 1968 classic cropped up in an ad for what was then Cingular Wireless. He said he didn't approve that use.
But the appeals court says the recording contract surrounding the song gave a record label permission to license it to the agency.
Helm lawyer John O'Neill says the contract only gave the label permission to promote the music itself. BBDO's lawyer didn't immediately return a call seeking comment. |
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