Saturday, May 29, 2010
Lawsuit Targets Massey Energy
WEST VIRGINIA....
A lawsuit seeking unspecified damages was filed Friday in U.S. District Court in Beckley against Richmond, Va.-based Massey Energy. The Firefighters Retirement System of Louisiana alleges Massey committed securities fraud by lying to investors about the safety of its mines. Attorneys are asking the court to certify the lawsuit as a class action. A similar lawsuit was filed last month in the same court by another investor. Shareholders also have filed lawsuits in Wyoming County Circuit Court, Kanawha County Circuit Court and Delaware's Chancery Court.
A lawsuit seeking unspecified damages was filed Friday in U.S. District Court in Beckley against Richmond, Va.-based Massey Energy. The Firefighters Retirement System of Louisiana alleges Massey committed securities fraud by lying to investors about the safety of its mines. Attorneys are asking the court to certify the lawsuit as a class action. A similar lawsuit was filed last month in the same court by another investor. Shareholders also have filed lawsuits in Wyoming County Circuit Court, Kanawha County Circuit Court and Delaware's Chancery Court.
# posted by Homer Owens @ 9:38 AM 
