CASES
Magnum d\'Or Resources Inc.
Class Period: Jul 2, 2008 to Apr 19, 2011
Lead Plaintiff Deadline: Sep 13, 2011 + Deadline passed
Summary of Case:
A securities class action has been filed against Magnum d'Or Resources Inc. ("Magnum") on behalf of all persons who purchased or otherwise acquired Magnum common stock between July 02, 2008 to April 13, 2010. This case has been filed in the USDC - Florida (Southern).
The Complaint alleges that Magnum made false statements to the marketplace about its growth and operations, including falsely claiming that it had $130 million in contracts and $15 million in financing. This positive news, according to the Complaint, pushed Magnum's stock price up artificially, allowing insiders to carry out an illegal kickback scheme using Magnum's own stock. On April 29, 2011, according to the Complaint, the SEC filed civil charges against Magnum and several individuals involved in the scheme.
If you purchased this company's shares during the Class Period and suffered a loss or for further information about the case, please review the links below.