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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

Post by coldheaton Oct 20, 2015 7:30pm
146 Views
Post# 24210795

Judge approves proposedclass certification..

Judge approves proposedclass certification..
3. Class Certification The Court hereby preliminarily certifies, for purposes of this Settlement only, pursuant to Rules 23(a), 23(b)(3) and 23(c)(1)(C) of the Federal Rules of Civil Procedure, a Settlement Class consisting of all Persons who during the period beginning on December 8, 2010 through and including April 11, 2011: (a) purchased or otherwise acquired Puda common stock; (b) purchased or otherwise acquired call options on Puda common stock; and/or (c) sold or otherwise disposed of put options on Puda common stock. Excluded from the Settlement Class are: (a) the Defendants; (b) any Person who was a partner, executive officer, director, controlling person, subsidiary, or affiliate of any Defendant during the Settlement Class Period; (c) members of the Defendants immediate families; (d) any Person in which any Defendant has a Controlling Interest; and (e) the legal representatives, heirs, estates, administrators, predecessors, successors or assigns of any of the foregoing excluded Persons. Also excluded from the Settlement Class is any Person who or which properly excludes himself,
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