Horsehead Holding Corporation

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Case Summary
Company Name: Horsehead Holding Corporation
Stock Symbol : NASDAQ: ZINC
Class Period Start: 05/21/2014
Class Period End: 02/02/2016
Lead Plaintiff motion: 06/21/2016
Date Filed: 04/25/2016
Type of Case: Securities Class Action
Court: U.S. District Court for the District of Delaware
Summary:

Thieler Law Corp advises investors with losses exceeding $100,000 of the June 21, 2016 lead plaintiff deadline in a class action lawsuit filed against Horsehead Holding Corporation (NASDAQ: ZINC) (“Horsehead” or “the Company”). The suit is pending in the U.S. District Court for the District of Delaware and investors, who purchased Horsehead Holding Corporation securities between May 21, 2014 and February 2, 2016, have until June 21, 2016 to move for lead plaintiff. You do not need to move for lead plaintiff to be a member of the Class.

If you purchased Horsehead Holding Corporation securities during the Class Period, and have losses over $100,000, you may contact Thieler Law Corp by calling at (619) 377 - 4324 or emailing mail@thielerlaw.com . No class has been certified in this case, and if your losses are less than $100,000 you are still a member of the class.

The complaint alleges that during the Class Period defendants made false and misleading statements and/or allegedly failed to disclose that the Mooresboro Facility was unable to operate as planned due construction defects; these operational problems at the facility were significant, pervasive and the result of fundamental engineering and operational defects; Horsehead had not and did not know how to rectify the problems at the Mooresboro Facility and as a result, production disruptions and tens of millions of dollars in costs related to these problems were likely and anticipated; Horsehead was employing expensive, temporary workarounds at the Mooresboro Facility in order to achieve limited production capacity and as a result, the facility was not providing significant cost savings, but was causing Horsehead to spend cash at an unsustainable rate; the Mooresboro Facility did not have an annual zinc production capacity of 155,000 tons and could not even sustainably achieve 50% of that capacity; operational issues at the Mooresboro Facility were deteriorating as Horsehead used stop-gap measures to boost production in the short term that were unsustainable, untested, highly risky and causing decreased operational stability; Horsehead did not have sufficient liquidity, cash on hand and anticipated cash flows for general corporate purposes to sustain it through the full ramp-up of the Mooresboro Facility; and as a result, Horsehead’s public statements were materially false and misleading at all relevant times.

Following this news, the lawsuit claims that it caused investors harm.

If you were negatively impacted by your investment in Horsehead Holding Corporation securities between May 21, 2014 and February 2, 2016 and would like to learn more about this lawsuit and your ability to participate as a lead plaintiff, please contact us for your no-cost evaluation.

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