May 17, 2012
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.
February 22, 2012
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.