Case Page

 

Case Status:    DISMISSED    
On or around 09/28/2010 (Court's order of dismissal)

Filing Date: January 14, 2009

According to a press release dated July 19, 2009, the plaintiff alleges that Metaldyne Corp. and its directors defrauded plaintiffs and class members by disseminating false and misleading statements caused plaintiffs and members of the class to purchase Metaldyne Corp. common stock at artificially inflated prices and/or to forcedly sell their common stock for forcedly less than Metaldyne Corp. 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.

On May 29, 2009, defendant Metaldyne filed a suggestion of bankruptcy. On February 12, 2009, the plaintiff filed a Notice of Voluntary Dismissal. Defendant Metaldyne has been voluntarily dismissed without prejudice and without costs. On June 5, 2010, the remaining defendants filed a motion to dismiss the Complaint. On September 28, 2010, District Judge John Corbett O'Meara granted the motion to dismiss. Judgment was also entered that day and the case is now closed.

On October 28, 2010, the plaintiffs filed a Notice of Appeal, which was later dismissed by the Order entered in the Court on January 19, 2011.

COMPANY INFORMATION:

Sector: Consumer Cyclical
Industry: Auto & Truck Parts
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol: MSX
Company Market: New York SE
Market Status: Public (Listed)

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.
COURT: E.D. Michigan
DOCKET #: 09-CV-10164
JUDGE: Hon. John Corbett O'Meara
DATE FILED: 01/14/2009
CLASS PERIOD START: 11/28/2000
CLASS PERIOD END: 02/28/2007
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Smith Haughey Rice & Roegge
    202 E. State St., Ste. 100, Smith Haughey Rice & Roegge, MI 49684
    231.929.4878 ·
No Document Title Filing Date