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Follow on Google News | Molycorp, Inc. Investor Lawsuit Deadline on April 3A Deadline is coming up on April 3, 2012 in lawsuit for investors in Molycorp, Inc. and NYSE-MCP stockholders should contact the Shareholders Foundation at mail@shareholdersfoundation.com.
Investors with a substantial investment in Molycorp, Inc. shares between March 9, 2011 and November 10, 2011, should get active before the Deadline that is coming up on April 3, 2012 and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554. According to the complaint filed in the U.S. District Court for the District of Colorado the plaintiff alleges on behalf of purchasers of Molycorp, Inc. (NYSE-MCP common stock during the period between March 9, 2011 and November 10, 2011, that Molycorp, Inc. certain of its officers and directors violated the Securities Exchange Act of 1934. Specifically, the plaintiff alleges that the defendants’ alleged false and misleading statements about the capability of Molycorp’s “Mountain Pass” mining operation and Molycorp’s earnings caused Molycorp common stock to trade at artificially inflated prices between March 9, 2011 and November 10, 2011 On November 10, 2011, Molycorp, Inc reported its third quarter 2011 revenues and earnings results 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 plaintiff alleges that the results were below analysts’ estimates Molycorp’s stock NYSE-MCP price dropped from $38.70 per share on November 10, 2011 to at slightly below $23.50 per share in the end of December 2011. Those who purchased shares of Molycorp, Inc. , have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554. # # # The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. The information is provided as a public service. It is not intended as legal advice and should not be relied upon. End
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