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.
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Comments (5)
  • BBKing20013
    , contributor
    Comments (5) | Send Message
     
    Good news Buying more!
    11 Jun 2014, 04:36 PM Reply Like
  • montrachet
    , contributor
    Comments (1382) | Send Message
     
    Why? Am I missing something?
    12 Jun 2014, 07:32 AM Reply Like
  • bkiser8255
    , contributor
    Comments (3) | Send Message
     
    Agree
    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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