The court has set a deadline of May 14, 2010 for investors who bought common stock of Century Aluminum Company (“Century Aluminum” or the “Company”) (NASDAQ: CENX) pursuant to the January 29, 2009 secondary offering to join the action. In this offering, Century Aluminum sold 24.5 million shares of common stock at a price of $4.50 per share.
Those who bought Century Aluminum stock on the secondary offering at a price of $4.50 per share on or about January 29, 2009 through early February 2009 should contact Eva Hromadkova at (800) 497-8076, (212) 682-1818, or via email at email@example.com.
The claims under Sections 11, 12(a)(2), and 15 of the Securities Act of 1933 involve the issuance of a materially false and misleading registration statement, prospectus, and other documents. These documents failed to disclose the true liquidity position of Century Aluminum and its ability to fund ongoing operations. Specifically, the Company failed to properly account for cash flows associated with the termination of certain forward financial sales contracts that potentially resulted in artificial inflation of Century Aluminum stock price and investor losses.