Friday, April 30, 2010
National Law Firm Files Massey Lawsuit
WEST VIRGINIA....
Represented by the national law firm of Robbins, Geller, Rudman and Dowd, the Macomb County Employees' Retirement System filed a potential class-action lawsuit in federal court in Beckley this week against Massey Energy and its board members. The system sold 4,000 shares of Massey stock for an $8,100 loss three days after the April 5th explosion at the Upper Big Branch mine. Massey has about 95 million shares outstanding. The lawsuit alleges the disaster at Upper Big Branch Mine and Massey's history of violations are evidence the company lied to investors about the safety of its mines.
Represented by the national law firm of Robbins, Geller, Rudman and Dowd, the Macomb County Employees' Retirement System filed a potential class-action lawsuit in federal court in Beckley this week against Massey Energy and its board members. The system sold 4,000 shares of Massey stock for an $8,100 loss three days after the April 5th explosion at the Upper Big Branch mine. Massey has about 95 million shares outstanding. The lawsuit alleges the disaster at Upper Big Branch Mine and Massey's history of violations are evidence the company lied to investors about the safety of its mines.
# posted by Homer Owens @ 1:49 PM 
