Metaldyne Corp.

Class Period: Nov 28, 2000 to Feb 28, 2007

Lead Plaintiff Deadline: Mar 16, 2009 + Deadline passed

Summary of Case:

A securities class action has been filed against Metaldyne Corp. (Ticker: MSX) ("Metaldyne" or the "Company") on behalf of all common stock purchasers from November 28, 2000 through February 28, 2007 (Class Period) in the United States District Court for the Eastern District of Michigan. 

The complaint alleges that Metaldyne and its directors defrauded plaintiffs and class members by disseminating false and misleading statements.  The complaint alleges that defendants' scheme: (i) deceived the plaintiffs and class members regarding Metaldyne's business, operations and management and the intrinsic value of Metaldyne common stock; (ii) was intended to enable Heartland Industrial Partners, L.P. ("Heartland") and the individual defendants to preserve more cash in connection with controlling Metaldyne and eventually, to sell their Metaldyne common stock for their personal gain at artificially inflated prices; (iii) caused plaintiffs and members of the class to purchase Metaldyne common stock at artificially inflated prices and/or to forcedly sell their common stock for forcedly less than the Company had projected or the $20-$25 ‘strike price' that had been periodically announced by the individual defendants since the date of Heartland's acquisition in 2000."

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.