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Metaldyne Corporation (NYSE: MSX) Investor Securities Class Action Lawsuit 01/14/2009

  • If you purchased shares of Metaldyne Corporation (NYSE: MSX), you might have certain options and should contact the Shareholders Foundation, Inc.

  • To have your information reviewed for options and to receive notifications about this case, please send an email to mail@shareholdersfoundation.com, or call us at (858) 779-1554.

Lawsuit Overview

Case Dismissed
Company
Metaldyne Corp.
Security
NYSE: MSX

Case Name
Metaldyne Corp. Shareholder Class Action Lawsuit 01/14/2009
Type of Lawsuit
Shareholder Class Action
Court of Filing
U.S. District Court for the Eastern District of Michigan

Class Period Begin
Class Period End
Deadline To File for Lead
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Summary

January 19, 2011 - The U.S. Court of Appeals for the Sixth Circuit dismissed the case.
October 28, 2010 - The plaintiffs filed a notice of appeal.

September 28, 2010 - The court granted defendants' motion to dismiss.

June 4, 2010 - Defendants filed a motion to dismiss.

February 12, 2010 - The plaintiffs filed a notice of dismissal of a certain defendant without prejudice.

January 14, 2009 - An investor in shares of Metaldyne Corporation (NYSE: MSX) filed a lawsuit in the U.S. District Court for the Eastern District of Michigan on behalf of all common stock purchasers from November 28, 2000 through February 28, 2007 over alleged violations of federal securities laws.

According to the complaint the plaintiff alleges that Metaldyne Corporation and its directors defrauded plaintiffs and class members by disseminating false and misleading statements caused plaintiffs and members of the class to purchase Metaldyne Corporation common stock at artificially inflated prices and/or to forcedly sell their common stock for forcedly less than Metaldyne Corporation had projected or the $20-$25 ‘strike price' that had been periodically announced by the individual defendants since the date of Heartland's acquisition in 2000.