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$UNTCW
A federal judge allowed warrant litigation against Unit Corp (OTC: UNTCW) to proceed after ruling that its Chapter 11 reorganization plan's release provisions do not bar former shareholders' claims.
Warrant Lawsuit BackgroundThe Dispute: Former shareholders and 401(k) holders claim Unit Corp quietly altered stock warrant terms right as it exited Chapter 11 bankruptcy in September 2020, stripping away key anti-dilution protections.
Recent Ruling: U.S. District Judge George Hanks in Houston ruled that Unit's bankruptcy release shield does not block post-effective-date claims, allowing the lawsuit over warrant terms and dividend adjustments to move forward.
This should be much higher.
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