Scientific Ecology Group, Inc. : Molten Metal Technologies, Inc. Common Stock Securities Litigation
On or around 08/09/2001 (Date of order of final judgment)
Filing Date: January 28, 1998
According to the docket posted on our site, the U.S. District Judge Mark L. Wolf approved the settlement. The case was closed on August 6, 2001.
The complaint charges SEG and one of its former officers with violations of Section 10(b) of the Securities Exchange Act of 1934 and common law fraud. The complaint alleges that during the Class Period, SEG misrepresented material information concerning a facility in Oak Ridge, Tennessee that was jointly owned and operated by SEG and Molten Metal. As a result of these misrepresentations, Molten Metal's stock price was artificially inflated throughout the Class Period.
Company & Securities Information
Defendant: Molten Metal Technologies, Inc.
Sector: Basic Materials
Industry: Metal Mining
Headquarters: United States
Ticker Symbol: MLTN
Company Market: NASDAQ
Market Status: Privately Held
About the Company & Securities Data
"Company" information provides the industry and sector classification and headquarters state for the primary company-defendant in the litigation. In general, "Securities" information provides the ticker symbol, market, and market status for the underlying securities at issue in the litigation.
In most cases, the primary company-defendant actually issued the securities that are the subject of the litigation, and the securities information and company information relate to the same entity. In a small subset of cases, however, the primary company-defendant is not the issuer (for example, cases against third party brokers/dealers), and the securities information and company information do not relate to the same entity.
First Identified Complaint
Axler, et al. v. Scientific Ecology Group, Inc., et al.