‘Dramatic’ Valuation Adjustment Justifies Equity Committee

Business Valuation UpdateVol. 22 No. 11
BVLaw Case Update
November 2016

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1031 Lead and Zinc Ores
212230 Copper, Nickel, Lead, and Zinc Mining
bankruptcy
cash flow, fair market value (FMV), chapter 11, insolvency, book value, shareholder equity
In re Horsehead Holding Corp.
2016 Bankr. LEXIS 3187
May 2, 2016
US
Federal Court
Delaware
United States Bankruptcy Court
Lazard Freres (debtors); none (equity holders)
Sontchi

Summary

In a rare nod to shareholder concerns, Bankruptcy Court approves formation of equity committee based on “dramatic adjustment in valuation” and inconsistent management positions as to financial health of debtors pre-Chapter 11 and post-petition filing.

See Also

‘Dramatic’ Valuation Adjustment Justifies Equity Committee

Court Case Digests
May 2, 2016

In a rare nod to shareholder concerns, Bankruptcy Court approves formation of equity committee based on “dramatic adjustment in valuation” and inconsistent management positions as to financial health of debtors pre-Chapter 11 and post-petition filing.