In a filing with the United States Court of Appeals, an Ad Hoc Committee of shareholders in Allied Nevada Gold Corp (NYSEMKT:ANV) (OTCPK:ANVGQ) (OTC:HYCT) (OTC: HYCTW) allege Allied Nevada misrepresented the value of the Hycroft mine, and identify the concealment of Hycroft director Mike Feehan’s affiliation with Barrick Gold (NYSE:ABX) (NYSEARCA:GDX) in support of accusations the bankruptcy plan was a visionary scheme, designed to mask the company’s intentions to enter into an undisclosed agreement with Barrick Gold. In support of such allegations, the Committee refers to a failed strategic transaction as proof the restructuring was a visionary scheme, while exhibiting evidence Allied Nevada willfully concealed board of director Mike Feehan’s identity, and affiliation with Barrick Gold, from the bankruptcy court2. 1129 of the Bankruptcy Code, which explicitly states:.
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