Molycorp defends securities class and derivative litigation
Clients Molycorp, Inc.
Jones Day represents the management of Molycorp Inc., a rare earth element company, in a multijurisdictional battle against securities class and derivative claims before the Denver federal and state district court and Delaware Court of Chancery. Jones Day thus far obtained a stay of the state court proceedings and a dismissal of the federal derivative action in favor of the Chancery Court. The latter ruling is now on appeal.