InterOil Corporation (NYSE: IOC), states that its policy is not to comment on unusual market activity or rumors |
Original post:
The blurb isn't crystal clear whether IOC stated their policy to the reporter or the NYSE.
If the latter, oops.
From StreetInsider:
When contacted by the NYSE in view of the unusual market activity in the stock, InterOil Corporation (NYSE: IOC) stated that its policy is not to comment on unusual market activity or rumors.
Shares of IOC fell 12.5% today after a report highlighted a lawsuit against the company's CEO Phil Mulacek filed by original investors, seeking up to $1.3 billion in damages. The report claims that the lawsuit worried Mulacek so much that a company he controls filed a bad-faith bankruptcy in an attempt to derail the litigation. We first noted the report this morning here
