On or around 09/15/2016 (Other)
Filing Date: July 12, 2016
According to the law firm press release, the Complaint alleges that, in an attempt to secure shareholder support for the Proposed Transaction, on June 29, 2016, defendants issued materially incomplete disclosures in the Form S-4 Registration Statement (the “Registration Statement”) filed with the United States Securities and Exchange Commission. The Registration Statement, which recommends that Mines stockholders vote in favor of the Proposed Transaction, omits material information necessary to enable shareholders to make an informed decision as to how to vote on the Proposed Transaction, including material information with respect to the process and events leading up to the Proposed Transaction, Mines’ financial projections, and the opinions and analyses of Mines’ financial advisor.
Plaintiff seeks injunctive and equitable relief and damages on behalf of holders of Mines common stock.
Defendants filed a Motion to Dismiss for Failure to State a Claim on August 8, 2016. The Court granted the Motion and Dismissed the Case on September 2.
Company & Securities Information
Defendant: Mines Management Inc.
Sector: Basic Materials
Industry: Metal Mining
Headquarters: United States
Ticker Symbol: MGN
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.
First Identified Complaint
George Assad, et al. v. Mines Management Inc., et al.