WELLS EX REL. MOLYCORP, INC. v. SMITH

No. 12-cv-0447-WJM-KLM, Consolidated with No. 12-cv-589-WJM-KLM, No. 13-cv-3155-WJM-KLM.

THOMAS B. WELLS, Derivatively on behalf of Molycorp, Inc., Plaintiff, v. MARK A. SMITH, JOHN L. BURBA, JOHN F. ASHBURN, JR., JAMES S. ALLEN, ROSS R. BHAPPU, BRIAN T. DOLAN, ALEC MACHIELS, MARK S. KRISTOFF, CHARLES R. HENRY, JACK E. THOMPSON, RUSSELL D. BALL, RCF MANAGEMENT, LLC., PEGASUS CAPITAL ADVISORS, L.P., and MOLYCORP, INC, a Delaware corporation actually named as a Nominal Defendant, Defendants.

United States District Court, D. Colorado.

July 15, 2014.


Attorney(s) appearing for the Case

Thomas B. Wells, Plaintiff, represented by Brian James Robbins , Robbins Arroyo LLP & George Carlos Aguilar , Robbins Arroyo LLP.

James Swaggerty, Derivatively of behalf of Molycorp, Inc., Consol Plaintiff, represented by Brian James Robbins , Robbins Arroyo LLP & George Carlos Aguilar , Robbins Arroyo LLP.

Avery James Kayten, Derivatively on Behalf of Molycorp, Inc., Consol Plaintiff, represented by Frank James Johnson , Johnson & Weaver, LLP.

Mark A. Smith, Defendant, represented by Eric Neil Landau , Jones Day, Gregory J. Kerwin , Gibson Dunn & Crutcher, LLP, Rana Nader , Jones Day & Travis Shenandoah Biffar , Jones Day.

John L. Burba, Defendant, represented by Eric Neil Landau , Jones Day, Gregory J. Kerwin , Gibson Dunn & Crutcher, LLP, Rana Nader , Jones Day & Travis Shenandoah Biffar , Jones Day.

John F. Ashburn, Jr., Defendant, represented by Eric Neil Landau , Jones Day, Gregory J. Kerwin , Gibson Dunn & Crutcher, LLP, Rana Nader , Jones Day & Travis Shenandoah Biffar , Jones Day.

James S. Allen, Defendant, represented by Eric Neil Landau , Jones Day, Gregory J. Kerwin , Gibson Dunn & Crutcher, LLP, Rana Nader , Jones Day & Travis Shenandoah Biffar , Jones Day.

Ross R. Bhappu, Defendant, represented by Gregory J. Kerwin , Gibson Dunn & Crutcher, LLP.

Brian T. Dolan, Defendant, represented by Gregory J. Kerwin , Gibson Dunn & Crutcher, LLP.

Alec Machiels, Defendant, represented by Gregory J. Kerwin , Gibson Dunn & Crutcher, LLP.

Mark S. Kristoff, Defendant, represented by Gregory J. Kerwin , Gibson Dunn & Crutcher, LLP.

Charles R. Henry, Defendant, represented by Gregory J. Kerwin , Gibson Dunn & Crutcher, LLP.

Jack E. Thompson, Defendant, represented by Gregory J. Kerwin , Gibson Dunn & Crutcher, LLP.

Russell D. Ball, Defendant, represented by Gregory J. Kerwin , Gibson Dunn & Crutcher, LLP.

RCF Management, L.L.C, Defendant, represented by Daniel F. Wake , Sander Ingebretsen & Wake, P.C..

Pegasus Capital Advisors, L.P., Defendant, represented by Brian Thomas Carney , Akin, Gump, Strauss, Hauer & Feld, LLP-New York & Stephen M. Baldini , Akin, Gump, Strauss, Hauer & Feld, LLP-New York.

Molycorp, Inc., a Delware corporation, actually named as a Nominal Defendant, Defendant, represented by James Gordon McMillan, III , Pepper Hamilton, LLP & M. Duncan Grant , Pepper Hamilton, LLP.

Traxys North America LLC, Consol Defendant, represented by David Adam Berger , Allegaert Berger Vogel LLP.


ORDER DENYING DEFENDANTS' MOTION TO PROCEED IN ONE JURISDICTION

WILLIAM J. MARTÍNEZ, District Judge.

The above-captioned matter is a consolidated shareholder derivative action filed by Thomas B. Wells on behalf of Molycorp, Inc. ("Plaintiffs") against certain of Molycorp's principles and directors ("Defendants"). Before the Court is Defendants' Motion to Proceed in One Jurisdiction and Dismiss or Stay Litigation in Other Jurisdictions ("Motion"), which...

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