|Company:||Magnum d'Or Resources Inc|
|Class Period:||Jul-2-08 to Apr-13-10|
|Lead Plaintiff Deadline:||Sep-16-11|
|Court:||Southern District of Florida|
The Complaint alleges that Magnum made false statements to the marketplace about its growth and operations, including falsely claiming that it had $130 million in contracts and $15 million in financing. This positive news, according to the Complaint, pushed Magnum's stock price up artificially, allowing insiders to carry out an illegal kickback scheme using Magnum's own stock. On April 29, 2011, according to the Complaint, the SEC filed civil charges against Magnum and several individuals involved in the scheme.
If you acquired the securities of the defendants during the Class Period you may, no later than the Lead Plaintiff Deadline shown above, request that the Court appoint you as lead plaintiff through counsel of your choice. You may also choose to remain an absent class member. A lead plaintiff must meet certain requirements.