Investor Contact: Thomas J. Rozycki Jr.CJP Communications+1 (212) 279 3115 x208Media Contact:Elisa GeroukiNewLead Holdings Ltd.+ 30 (213) 014 8023 SOURCE NewLead Holdings Ltd.
Ironridge is one of about a half-dozen companies that are following a strategy to invest in microcap firms.
NewLead Holdings (NEWL) stock is lower in after-hours trading following a judge's decision to deny the company its preliminary injunction attempting to stop Ironridge Global IV from obtaining additional shares of NewLead.
Shares of NewLead (NEWL) are up over 40% after the Greek shipping company announced that the company was granted a Temporary Restraining Order against Ironridge Global IV, Ltd. prohibiting the further issuance of common shares in payment of dividends on Series A Preference Shares of NewLead.
NewLead Holdings (NEWL) continued to plunge Monday on high volume after last week's gains.