Levi & Korsinsky announces the commencement of a class action lawsuit in the USDC for the District of Delaware on behalf of shareholders of Horsehead Holding Corp. who purchased shares between May 21, 2014 and February 2, 2016.
On February 2, 2016, Horsehead filed for protection under the bankruptcy laws and, therefore, is not named as a defendant in this action. The complaint alleges that certain officers and directors violated the Securities Exchange Act of 1934 by issuing materially false and misleading statements and/or failing to disclose adverse information concerning the Company’s Mooresboro Facility, including: (a) that construction defects at the facility left it unable to operate as planned; (b) that the Company had not rectified the facility’s problems; (c) that as a result of the aforementioned, production disruptions and related costs were likely and anticipated; and (d) that the Company employed expensive temporary workarounds that were causing the Company to spend cash at an unsustainable rate.
If you suffered a loss in Horsehead you have until June 21, 2016 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff.
To receive more information, please fill out the form.