Puda Coal Inc PUDA

Let me try to separate this to make it understandable

[coldheat]

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 ------------------------------------------- Note 6**6 Excluded from the proposed class and subclasses are defendants, other officers and directors of Puda, members of their immediate families, and the heirs, successors or assigns of any of the foregoing ------------------------------------------------------------------------------------------------ The first 10b Class, the changed the dates range back out to April 7th for some reason, (I am just guessing that it has something to do with purchased Puts) and they removed all the other defendants, except for the underwriters. ------------------------------------------------ In the section 11 class, which was Puda/Zhao etal, they added the underwriters as well, stipulated that the qualified shares had to come from the offering. ------------------------------------------ They then added a section 12 subclass, (essentially for themselves) that created a separate pool of money that only direct shares qualify...(their own) and then they exclude officers , directors etc.. (which is puzzling) maybe some inside deal was made...I dunno... ---------------------------------------------- So the lead plaintiffs here....Trellus, has it's own class, and will likely dip into the 10b class for it's hedges that it lost money on as well. (maybe that is why they changed the date..) I dunno....speculating here. __________________________ I don't much like this.....What say you?