NEW YORK, Aug. 9, 2013 /PRNewswire/ -- Pomerantz Grossman Hufford Dahlstrom & Gross LLP is investigating claims on behalf of investors of Molycorp, Inc. (NYSE: MCP) ("Molycorp" or the "Company") who purchased Molycorp common stock. Such investors are advised to contact Robert S. Willoughby at email@example.com or 888-476-6529, ext. 237.
The investigation concerns whether Molycorp and certain of its officers and/or directors have violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934.
On August 9, 2013, Molycorp announced that it will restate its first-quarter results and is assessing its finance and accounting controls after an error in its filings to the U.S. Securities and Exchange Commission.
On this news, shares of Molycorp fell $.72 per share or 9.72% to $6.69 on intraday trading on August 9, 2013.The Pomerantz Firm, with offices in New York, Chicago, San Diego and Florida, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 70 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com. CONTACT: Robert S. Willoughby Pomerantz Grossman Hufford Dahlstrom & Gross LLP firstname.lastname@example.org SOURCE Pomerantz Grossman Hufford Dahlstrom & Gross LLP