SOURCE: Goldfarb LLP

February 09, 2012 12:58 ET

Development Issues at Molycorp's Mountain Pass Mining Operation Triggers Securities Class Action, Announces Goldfarb LLP Shareholder Lawyers

DALLAS, TX--(Marketwire - Feb 9, 2012) - Securities lawyers at Goldfarb LLP announced that a class action was filed due to alleged violations of shareholder protection laws by Molycorp (NYSE: MCP). Concerned Molycorp investors are encouraged to contact securities class action attorney Hamilton Lindley at 877-583-2855 or hlindley@goldfarbllp.com about their rights and remedies.

The complaint alleges that: (1) the company's Mountain Pass mining operation was not proceeding according to company statements; (2) Molycorp was not on schedule to reach 2012 and 2013 production rates; and (3) these problems occurred when demand for Molycorp products was in decline. The lawsuit, filed in the District of Colorado, seeks to recover for investors of Molycorp who purchased or acquired company stock before or between March 9, 2011 and November 10, 2011.

Goldfarb LLP lawyers have significant experience representing shareholders and whistleblowers in securities lawsuits nationwide. Molycorp stockholders -- or anyone with knowledge about this situation -- should contact lawyer Hamilton Lindley at hlindley@goldfarbllp.com or 877-583-2855 with questions or concerns.

Contact Information

  • Hamilton Lindley
    Goldfarb LLP
    2501 N. Harwood, Ste. 1801
    Dallas, TX 75201
    (877) 583-2855 Toll Free Telephone
    (214) 583-2233 Local Phone Number
    (214) 583-2234 Fax Number
    www.goldfarbllp.com