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Shares fall after judge declines to allow formation of equity committee.
August 24, 2022
By: TOM BRANNA
Editor
Revlon can't even get a bankruptcy filing right. The beleaguered US cosmetics maker saw its stock price plunge 20% in morning trading, after a judge declined to allow the formation of an equity committee for its common shareholders in its bankruptcy proceedings. Judge David S. Jones denied a motion for the formation of a committee for common Revlon holders, according to his decision during a Zoom hearing. Revlon shares traded wildly on Monday with shares falling more than 34% before t...
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