Investors Who Purchased Puda Coal Securities File Class Action Lawsuit Complaint Against Puda Coal For Alleged Securities Law Violations.
A class action lawsuit has been filed against Puda Coal, Inc. (“Puda Coal” or “Puda” or “Defendant”), a supplier of premium high grade cleaned coking coal used to produce coke for steel manufacturing, in the United States District Court for the Central District of California (styled Burquist v. Puda Coal Inc., Class Action Case No. CV11-03412) alleging, among other things, that Puda Coal and certain of its officers violated the Securities Exchange Act by failing to disclose that Puda Coal’s chairman allegedly transferred ownership of Shanxi Puda Coal Group Co., Ltd., according to Puda Coal securities fraud class action lawsuit news reports.
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