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Wells v. Smith et al
Case Number:
1:12-cv-00447
Court:
Nature of Suit:
Multi Party Litigation:
Derivative Litigation
Judge:
Firms
Companies
Sectors & Industries:
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May 17, 2012
Molycorp Pump-And-Dump Investor Suits Punted To Del.
Shareholders accusing Molycorp Inc.'s top brass and private equity backers of a $1.5 billion pump-and-dump scheme will have to re-file their derivative suits in Delaware Chancery Court after a Colorado federal judge on Wednesday deferred to the nation's premier business court.
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February 22, 2012
Pegasus, RCF Accused Of $1.5B Molycorp Pump-And-Dump
Shareholders of rare earth oxide producer Molycorp Inc. on Tuesday launched a derivative suit accusing the company's board and private equity backers RCF Management LLC and Pegasus Capital Advisors LP of orchestrating a pump-and-dump scheme that netted more than $1.5 billion in ill-gotten gains for the alleged perpetrators.