WASHINGTON, March 20, 2009 (GLOBE NEWSWIRE) -- Finkelstein Thompson LLP is investigating claims that Steel Dynamics, Inc., (Nasdaq:STLD) and certain of its officers and directors may have violated the federal securities laws through making false and misleading statements regarding the Company's business and financial results.
In a complaint recently filed in the United States District Court for the District of Indiana, plaintiffs allege that Steel Dynamics and certain individual defendants made false and misleading statements and/or failed to disclose material facts concerning Steel Dynamics' inventory levels, steel operations and shipments, and financial results. It was also alleged that the wrongful conduct enabled one of the company's directors to engage in improper insider trading and reap proceeds of over $30 million.
If you are interested in discussing your rights as a Steel Dynamics shareholder, or have information relating to this investigation, please contact Finkelstein Thompson's Washington, DC offices at (877) 337-1050 or by email at contact@finkelsteinthompson.com.
Finkelstein Thompson LLP has spent over three decades delivering outstanding representation to institutional and individual clients in connection with securities and other finance-related litigation, and has been appointed as lead or co-lead counsel in dozens of shareholder class actions. Indeed, the firm has served in leadership roles in cases that have recovered over $1 billion for investors and consumers. To learn more about Finkelstein Thompson LLP, please visit our web site at www.finkelsteinthompson.com.