SHAREHOLDER ALERT: Levi & Korsinsky, LLP Reminds Investors of Horsehead Holding Corp. of Class Action Lawsuit & a Lead Plaint...
May 23 2016 - 3:12PM
Business Wire
The following statement is being issued by Levi & Korsinsky,
LLP:
To: All persons or entities who purchased or otherwise
acquired securities of Horsehead Holding Corp. (“Horsehead”)
(NASDAQ: ZINC) between May 21, 2014 and
February 2, 2016.
You are hereby notified that a securities class action
lawsuit has been commenced in the USDC for the District of
Delaware. If you purchased or otherwise acquired Horsehead
securities between May 21, 2014 and February 2, 2016, your rights
may be affected by this action. To get more information go
to: http://www.zlk.com/pslra/horsehead-holding.
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
obtain additional information, contact Joseph E. Levi, Esq. either
via email at jlevi@zlk.com or by telephone at (212) 363-7500,
toll-free: (877) 363-5972, or visit
http://www.zlk.com/pslra/horsehead-holding.
Levi & Korsinsky is a national firm with offices in New
York, New Jersey, California, Connecticut, and Washington D.C. The
firm’s attorneys have extensive expertise and experience
representing investors in securities litigation involving financial
fraud, and have recovered hundreds of millions of dollars for
aggrieved shareholders. Attorney advertising. Prior results do not
guarantee similar outcomes.
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version on businesswire.com: http://www.businesswire.com/news/home/20160523006365/en/
Levi & Korsinsky, LLPJoseph E. Levi, Esq., 212-363-7500Toll
Free: 877-363-5972Fax: 212-363-7171www.zlk.com
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