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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
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.
NEW YORK, NY / ACCESSWIRE / June 17, 2016 / Bronstein, Gewirtz & Grossman, LLC, reminds investors of class action against Horsehead Holding Corp. ("Horsehead" or "the Company") (NASDAQ: ...