Coughlin Stoia Geller Rudman & Robbins LLP Files Class Action Suit against Century Aluminum Comp

SAN DIEGO--(BUSINESS WIRE)--Coughlin Stoia Geller Rudman & Robbins LLP ("Coughlin Stoia") (http://www.csgrr.com/cases/centuryaluminum/) today announced that a class action has been commenced in the United States District Court for the Northern District of California on behalf of purchasers of Century Aluminum Company ("Century Aluminum") (NASDAQ:CENX - News) common stock during the period between April 24, 2008 and March 2, 2009 (the "Class Period").If you wish to serve as lead plaintiff, you must move the Court no later than 60 days from March 9, 2009. If you wish to discuss this action or have any questions concerning this notice or your rights or interests, please contact plaintiff’s counsel, Darren Robbins of Coughlin Stoia at 800/449-4900 or 619/231-1058, or via e-mail at djr@csgrr.com. If you are a member of this class, you can view a copy of the complaint as filed or join this class action online at http://www.csgrr.com/cases/centuryaluminum/. Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member.The complaint charges Century Aluminum and certain of its officers and directors with violations of the Securities Exchange Act of 1934. Century Aluminum, through its subsidiaries, produces primary aluminum in the United States and internationally. The complaint alleges that during the Class Period, defendants materially misrepresented the Company’s financial performance. Specifically, defendants failed to report cash flows associated with the termination of forward financial sales contracts as a financing activity, as required.On March 2, 2009, the Company filed a Form 8-K with the SEC announcing that on February 27, 2009, the Company determined that its previously issued financial statements for the nine months ended September 30, 2008 should no longer be relied upon as a result of an error in the interim consolidated statement of cash flows. As a result of this disclosure, Century Aluminum’s stock price dropped from $2.22 on February 27, 2009 to $1.67 the next trading day.Plaintiff seeks to recover damages on behalf of all purchasers of Century Aluminum common stock during the Class Period (the "Class"). The plaintiff is represented by Coughlin Stoia, which has expertise in prosecuting investor class actions and extensive experience in actions involving financial fraud.Coughlin Stoia, a 190-lawyer firm with offices in San Diego, San Francisco, Los Angeles, New York, Boca Raton, Washington, D.C., Philadelphia and Atlanta, is active in major litigations pending in federal and state courts throughout the United States and has taken a leading role in many important actions on behalf of defrauded investors, consumers, and companies, as well as victims of human rights violations.

Visit more:aluminum plates

Activities span the world but are strongly represented in Australia and North America with significant businesses in South America, Asia, Europe and southern Africa.