Lawsuit Filed Over Development Issues at Molycorp's Mountain Pass Mining Operation

Securities lawyers at Goldfarb LLP announced that a class action was filed due to alleged violations of shareholder protection laws by Molycorp MCP. Concerned Molycorp investors are encouraged to contact securities class action attorney Hamilton Lindley at 877-583-2855 or hlindley@goldfarbllp.com about their rights and remedies. The complaint alleges that: (1) the company's Mountain Pass mining operation was not proceeding according to company statements; (2) Molycorp was not on schedule to reach 2012 and 2013 production rates; and (3) these problems occurred when demand for Molycorp products was in decline. The lawsuit, filed in the District of Colorado, seeks to recover for investors of Molycorp who purchased or acquired company stock before or between March 9, 2011 and November 10, 2011.