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

|About: NewLead Holdings Ltd. (NEWL)|By:, SA News Editor

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.