- A judge has set Aug. 24 for a hearing for Revlon ( NYSE: REV ) common equity holders on their petition for the formation of official equity committee in Revlon's Chapter 11 bankruptcy.
- The hearing on the motion is set for Aug. 24 at 10am, according to a court filing. The hearing is for the U.S. Bankruptcy Court for the Southern District of New York.
- Revlon ( REV ) common holders last month requested that the U.S. Trustee allow for the formation of official equity committee in Revlon's Chapter 11 bankruptcy.
- The Revlon ( REV ) common equity holders are being represented by White & Case lawyer Tom Lauria, the same attorney who successfully represented Hertz ( HTZ ) common holders in the car rental chains bankruptcy case. Revlon shares have gained over 300% since Revlon's June 16 bankruptcy filing date , as retail investors appear to be believe there's still value in Revlon shares post bankruptcy.
- Earlier Tuesday Revlon reported Q2 non-GAAP EPS of -$4.13, revenue of $442.6M.
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Judge set to hear Revlon equity holders petition to form official committee Aug. 24