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  • Forbes5 months ago

    The Equity Committee Trend: When Shareholders of a Bankrupt Company Hope to Get More Than Nothing

    The publicly traded shares of Breitburn Energy Partners - at one point expected to be worth virtually nothing after Breitburn filed for bankruptcy in May - closed at 40 cents today. That’s up 65% compared to yesterday’s close on the over-the-counter markets under Breitburn’s BBEPQ ticker and a full 600% increase

  • Reuters7 months ago

    Zinc producer's shareholders fall short in bankruptcy fight

    Horsehead Holding Corp was cleared to exit bankruptcy on Friday although a U.S. judge acknowledged that allegations by the zinc producer's shareholders that their investment was being unfairly wiped out came very close to derailing the company's plan. Horsehead can now proceed with its plan that will eliminate most of its $427 million in pre-bankruptcy debt, cancel its stock and allow the company to emerge from Chapter 11 under the control of its noteholders, led by Greywolf Capital Management. Shares in Pittsburgh-based Horsehead plummeted 91 percent to close at 4 cents in over-the-counter trading.

  • Business Wire9 months ago

    GPM Reminds Investors of the June 21 Deadline in the Class Action Lawsuit Against Horsehead Holding Corp.

    Glancy Prongay & Murray LLP reminds investors of the upcoming June 21, 2016 deadline to file a lead plaintiff motion in the class action filed on behalf of a class of investors who purchased Horsehead Holdings Corp.