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Case Status:    DISMISSED    
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.


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.
COURT: E.D. Washington
DOCKET #: 16-CV-00256
JUDGE: Hon. Salvador Mendoza, Jr
DATE FILED: 07/12/2016
CLASS PERIOD END: 07/12/2016
  1. Breskin Johnson Townsend PLLC
    1111 Third Avenue, Suite 2230, Breskin Johnson Townsend PLLC, WA 98101
    206.652.8660 206.652.8660 ·
  2. Rigrodsky & Long, P.A.
    919 N. Market Street, Suite 980, Rigrodsky & Long, P.A., DE 19803
    302.295.5310 302.295.5310 ·
  3. Ryan & Maniskas, LLP
    995 Old Eagle School Rd., Ste. 311, Ryan & Maniskas, LLP, PA 19087
    (484) 588-5516 (484) 450-2582 ·
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