Zeldes Haeggquist & Eck, LLP Announces Investigation of Molycorp, Inc. Senior Convertible 6.00% Notes Due 9/1/2017
July 24 2014 - 9:01AM
Business Wire
Zeldes Haeggquist & Eck, LLP, a shareholder and consumer
rights litigation firm, has commenced an investigation on behalf of
investors who purchased Molycorp Inc. (NYSE: MCP) Senior
Convertible 6.00% Notes due 9/1/2017 (the “Notes”). Specifically,
Zeldes Haeggquist & Eck, LLP is investigating whether Molycorp
and its top executives and officers made false and misleading
statements in the prospectus and registration statement that the
Company provided when issuing the Notes to the public on August 17,
2012.
On August 17, 2012, Molycorp sold approximately $360 million
worth of Notes to the investing public via a public offering (the
“Offering”). Zeldes Haeggquist & Eck, LLP is investigating
whether, at the time of the Offering, Molycorp executives failed to
disclose that Molycorp’s reported inventory was materially
understated and that Molycorp lacked adequate internal and
financial controls.
On August 8, 2013, Molycorp reported its second quarter 2013
results. Among other things, Molycorp reported that is quarterly
Total Revenue declined from $146.37 million in the first quarter
2013 to $136.86 million in the second quarter 2013 and that its Net
Loss increased from $47.22 million in the first quarter 2013 to
$71.17 million in the second quarter 2013. The Molycorp Notes are
now trading at approximately $59, down from the offering price of
$100.
What You Can Do
If you purchased Molycorp Notes and have suffered a loss, you
may have legal claims against Molycorp’s Officers and Directors. If
you wish to discuss this investigation, or have questions about
this notice or your legal rights, please contact attorney Amber L.
Eck at 619-342-8000, or by email at ambere@zhlaw.com. There is no
cost to you.
Zeldes Haeggquist & Eck, LLP is a full-service law firm
which brings major class actions nationwide on behalf of defrauded
investors and consumers and handles a variety of complex business
litigation matters. Please visit www.zhlaw.com or our blog for more
information about the firm.
Zeldes Haeggquist & Eck, LLPAmber L. Eck,
619-342-8000ambere@zhlaw.com
AltaGas (PK) (USOTC:AGEEF)
Historical Stock Chart
From Mar 2024 to Apr 2024
AltaGas (PK) (USOTC:AGEEF)
Historical Stock Chart
From Apr 2023 to Apr 2024