Seeking Alpha

NewLead +23% as judge denies preliminary injunction vs. Ironridge

NewLead Holdings (NEWL +23.1%) spikes into the close after a U.S. judge denies a preliminary injunction to stop Ironridge Global IV from obtaining more NEWL shares to satisfy various liabilities.

The judge says he lacks personal jurisdiction over Ironridge, and NEWL has not shown it deserves preliminary relief; the action dissolves a temporary restraining order issued earlier this month and closes the case.

Comments (5)
  • BBKing20013
    , contributor
    Comments (5) | Send Message
    Good news Buying more!
    11 Jun 2014, 04:36 PM Reply Like
  • montrachet
    , contributor
    Comments (1516) | Send Message
    Why? Am I missing something?
    12 Jun 2014, 07:32 AM Reply Like
  • bkiser8255
    , contributor
    Comments (3) | Send Message
    18 Jun 2014, 05:07 PM Reply Like
  • jacx
    , contributor
    Comment (1) | Send Message
    why would you buy more?
    12 Jun 2014, 09:47 AM Reply Like
  • kroberson
    , contributor
    Comments (3) | Send Message
    Good buy
    12 Jun 2014, 02:52 PM Reply Like
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