Metaldyne Corporation is a provider of highly engineered components for use in powertrain and safety-critical platforms for the global light, commercial and industrial vehicle markets.

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