Prior to closing down 7.35% today, zinc and nickel-based product manufacturer, Horsehead Holdings Corp. (OTC Pink: ZINCQ) is seeing shares rally over 18% in the early hours of trading, featuring heavier than normal volume. Over 422,000 shares or around $156,500 in dollar volume have already exchanged hands. The past three months, the zinc and nickel product manufacturer saw average daily volume stand around 307,166 over the past three months.
Interestingly enough, the big move higher comes after Lundin Law PC announced this morning that they will be launching an investigation into Horsehead Holdings Corp. (OTCQB: ZINCQ) on behalf of its shareholders. The firm is urging shareholders with excessive losses to engage in the class action suit, which alleges possible federal securities laws violations by Horsehead Holdings Corp. (OTCQB: ZINCQ). Here is a press release detailing of the investigation:
LOS ANGELES–(BUSINESS WIRE)–
Lundin Law PC announces it is investigating claims against Horsehead Holding Corp. (“Horsehead” or the “Company”) (ZINC) (Other OTC: ZINCQ) concerning possible violations of federal securities laws. The investigation is related to allegations that certain statements issued by Horsehead were false and misleading and/or failed to disclose material information regarding the Company’s financial performance.
To participate in this class action lawsuit, please contact Brian Lundin, Esquire, of Lundin Law PC, at 888-713-1033, or via email at email@example.com.
The investigation concerns whether the Company violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934. Specifically, the investigation will focus on whether the Company failed to disclose that the Mooresboro Facility was suffering from construction defects which resulted in costly operational problems.
No class has been certified in the above action. Until a class is certified, you are not considered represented by an attorney. You may also choose to do nothing and be an absent class member.
Lundin Law PC was created by Brian Lundin, a securities litigator based in Los Angeles.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
View source version on businesswire.com:http://www.businesswire.com/news/home/20160602006298/en/
Lundin Law PC
Brian Lundin, Esq.