Russian Mining Co. Gets Securities Fraud Suit Nixed

Law360, Washington (August 9, 2011, 7:17 PM EDT) -- A New York federal judge on Tuesday granted Russian mining giant Mechel OAO's motion to dismiss a consolidated securities suit alleging that it failed to disclose an investigation by Russia's antitrust regulator over its practices in the market for coking coal.

The lead plaintiffs in the putative class action — four public retirement systems and pension plans that purchased Mechel's American Depository Receipts on the New York Stock Exchange from October 2007 to July 2008 — alleged that the company violated the Securities Exchange Act of...
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