A couple things on the Puda Coal Class actionThe first is that the plaintiff group wanting to replace the lead plaintiffs and legal counsel for legal reasons recently had their nearly 6 month effort denied by the judge.
As a result they are appealing.
"Full docket text for document 272:
NOTICE OF APPEAL from [263] Memorandum & Opinion,,,,,,,,. Document filed by Hotel Ventures, Howard Pritchard, Salomon Querub, Thomas Rosenberger, Steven Weissmann. Filing fee $ 455.00, receipt number 0208-9018770. Form C and Form D are due within 14 days to the Court of Appeals, Second Circuit. (Attachments: # (1) Exhibit A)(Rosen, Laurence)
I am not a lawyer, but this seems a waste of time..(which may be the purpose of it)..the primary case is scheduled for trial in march 2014, but these things never make it or rarely make it to trial.
Nobody wants that expense and now the second part of my news is that the Moore Stephens Hong Kong defendants have just asked the judge for a schedule change that will allow them a opportunity to recieve a summary judgement.
That means they can't agree to settle and want to plead their case and take what comes from the judge.
Not sure what they are up to here..(could be delay of game) Or they may just want out and want a judgement..I will keep you posted..this is not the first defendant to do this..
I should have more on this later.
I don't understand why they cannot arbitrate a settlement all together....something just seems off here.
Keep ya posted....