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Bullboard - Stock Discussion Forum 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... see more

GREY:PUDA - Post Discussion

Puda Coal Inc > Plaintiffs motion to recertify the Class and add a sub-class
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Post by coldheat on Sep 30, 2014 8:39pm

Plaintiffs motion to recertify the Class and add a sub-class

Courts in this District have consistently affirmed that both Securities Act and Exchange Act claims are especially well-suited to class-wide adjudication.5 For this reason, the Court is respectfully requested to certify the following class and subclasses:  A Section 10(b) class against the Underwriters consisting of: All purchasers of Puda common stock and call options on Puda common stock and sellers of put options on Puda common stock during the period commencing December 8, 2010, through the market close on April 7, 2011 (the “Class Period”), and who were damaged thereby;  A Section 11 subclass against Puda, Zhao, the Underwriters and the Directors consisting of: All purchasers of Puda common stock pursuant or traceable to the public offering of Puda shares on or about December 8, 2010, and who were damaged thereby; and  A Section 12 subclass against Puda and the Underwriters consisting of: All purchasers of Puda common stock directly from the underwriters in the December 8, 2010, public offering or whose purchase of shares registered in such offering was solicited by Puda and/or the Underwriters for its financial interest, and who were damaged thereby.6 As set forth more fully herein, class certification and movants’ appointment as Class Representatives are both warranted. Plaintiffs also seek that Glancy Binkow & Goldberg LLP
Comment by coldheat on Sep 30, 2014 8:43pm
Here is the balance of it.. (“Glancy”) and The Rosen Law Firm, P.A. (“Rosen”), be appointed as Class Counsel. Both their experience and service to the class, to date, justify their appointment. Therefore, Plaintiffs respectfully submit that their motion be granted in its entirety. This is ..............I don't know.........NUTS????
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