Carney v. Walter Energy Inc et al

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Case overview

Case Number:

2:12-cv-00829

Court:

Alabama Northern

Nature of Suit:

850(Securities/Commodities)

Multi Party Litigation:

Class Action

Judge:

Judge Virginia Emerson Hopkins

Firms

Companies

Sectors & Industries:

  1. March 18, 2014

    Class Cert Nixed In Walter Energy Suit, Pending Halliburton

    An Alabama federal judge on Tuesday denied a request for class certification by a group of Walter Energy Inc. stockholders alleging the company misled them during an acquisition, saying it would have to wait until the U.S. Supreme Court issues a ruling in a landmark securities case.

  2. January 29, 2013

    Walter Energy Can't Shake Stock Fraud Suit Over $3.3B Buy

    An Alabama federal judge on Tuesday denied a bid by Walter Energy Inc. to toss a proposed class action launched by the Alabama-based coal producer's stockholders alleging it made misleading statements about its financial prospects, including potential benefits of its $3.3 billion acquisition in 2010 of Canada's Western Coal Corp.