Board of Trustees of Ft. Lauderdale v. Mechel Oao
District Court, S.D. New York
1Opinion of the Court
OPINION AND ORDER
RICHARD J. SULLIVAN, District Judge:
Lead Plaintiffs bring this putative securities class action against Defendants Mechel OAO (“Mechel” or the “Company”), a Russian mining and metals company, and three of its officers, alleging violations of Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 (the “Exchange Act”), and Rule 10b-5, promulgated thereunder.
Before the Court is Mechel’s motion to dismiss pursuant to Federal Rules of Civil Procedure 9(b) and 12(b)(6) and the Private Securities Litigation Reform Act of 1995 (“PSLRA”), 15 U.S.C. § 78u-4(b). For the reasons…
2Cases cited49 opinions
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