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Puda Coal Inc PUDA

Puda Coal, Inc. (Puda) is a supplier of high-grade metallurgical coking coal to the industrial sector in the People’s Republic of China (the PRC or China). Its processed coking coal is primarily purchased by coke and steel producers for the purpose of making the coke required for the steel manufacturing process. Puda’s operations are conducted by Shanxi Puda Coal Group Co., Ltd (Shanxi Coal), which it controls through 90% indirect equity ownership. Puda cleans raw coking coal sourced from third-party coal mines primarily located in Liulin County, Shanxi Province, and markets the cleaned, coking coal to coke and steel makers. Its primary geographic markets include Shanxi Province, Inner Mongolia Autonomous Region, Hebei Province, Beijing and Tianjin, China. It purchases raw coal from a diversified pool of local coal mines in Shanxi Province.


GREY:PUDA - Post by User

Comment by coldheaton Feb 26, 2014 1:02pm
82 Views
Post# 22254227

RE:Major tactical change for Puda Case

RE:Major tactical change for Puda Case
KATHERINE B. FORREST, District Judge: For the following reasons, plaintiffs' motion for leave to file an amended complaint (ECF No. 282) and Trellus Management Company LLC's motion for an indicative ruling (ECF No. 288) are GRANTED. 1. PLAINTIFFS' AMENDED COMPLAINT On February 17, 2014, plaintiffs responded to the Court's order to show cause as to why plaintiffs' amended complaint is not barred by principles of res judicata. (See ECF Nos. 291, 299.) The Court agrees with plaintiffs' reading ofL-Tec Elecs. Corp. v. Cougar Elec. Org., Inc., 198 F.3d 85, 86 (2d Cir. 1999). The Court's October 1, 2013 Opinion & Order granted summary judgment against plaintiff Rosenberger because he lacked standing to assert claims pursuant to Sections 11 and 12. (ECF No. 263 at 4, 19.) The dismissal of Macquarie in that opinion was thus a dismissal for lack of subject matter jurisdiction and was not a decision on the merits. See St. Pierre v. Dyer, 208 F.3d 394,400 (2d Cir. 2000). Furthermore, Macquarie has not obtained a separate, final judgment under Fed. R. Civ. P. 54(b). See L-Tec, 198 F.3d at 86. Finally, plaintiffs were unable to obtain the so-called "smoking gun" KATHERINE B. FORREST, District Judge: For the following reasons, plaintiffs' motion for leave to file an amended complaint (ECF No. 282) and Trellus Management Company LLC's motion for an indicative ruling (ECF No. 288) are GRANTED. 1. PLAINTIFFS' AMENDED COMPLAINT On February 17, 2014, plaintiffs responded to the Court's order to show cause as to why plaintiffs' amended complaint is not barred by principles of res judicata. (See ECF Nos. 291, 299.) The Court agrees with plaintiffs' reading ofL-Tec Elecs. Corp. v. Cougar Elec. Org., Inc., 198 F.3d 85, 86 (2d Cir. 1999). The Court's October 1, 2013 Opinion & Order granted summary judgment against plaintiff Rosenberger because he lacked standing to assert claims pursuant to Sections 11 and 12. (ECF No. 263 at 4, 19.) The dismissal of Macquarie in that opinion was thus a dismissal for lack of subject matter jurisdiction and was not a decision on the merits. See St. Pierre v. Dyer, 208 F.3d 394,400 (2d Cir. 2000). Furthermore, Macquarie has not obtained a separate, final judgment under Fed. R. Civ. P. 54(b). See L-Tec, 198 F.3d at 86. Finally, plaintiffs were unable to obtain the so-called "smoking gun" KATHERINE B. FORREST, District Judge: For the following reasons, plaintiffs' motion for leave to file an amended complaint (ECF No. 282) and Trellus Management Company LLC's motion for an indicative ruling (ECF No. 288) are GRANTED. 1. PLAINTIFFS' AMENDED COMPLAINT On February 17, 2014, plaintiffs responded to the Court's order to show cause as to why plaintiffs' amended complaint is not barred by principles of res judicata. (See ECF Nos. 291, 299.) The Court agrees with plaintiffs' reading ofL-Tec Elecs. Corp. v. Cougar Elec. Org., Inc., 198 F.3d 85, 86 (2d Cir. 1999). The Court's October 1, 2013 Opinion & Order granted summary judgment against plaintiff Rosenberger because he lacked standing to assert claims pursuant to Sections 11 and 12. (ECF No. 263 at 4, 19.) The dismissal of Macquarie in that opinion was thus a dismissal for lack of subject matter jurisdiction and was not a decision on the merits. See St. Pierre v. Dyer, 208 F.3d 394,400 (2d Cir. 2000). Furthermore, Macquarie has not obtained a separate, final judgment under Fed. R. Civ. P. 54(b). See L-Tec, 198 F.3d at 86.
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