Old news report jolts United Airlines’ stock9 September 2008
United Airlines’ stock fell more than 75 percent Monday morning after a link to a nearly six-year-old Chicago Tribune news report was circulated through Bloomberg News Service.
United stock, which had closed Friday at $12.30 a share, hit a low of $3 a share before the confusion was cleared up. The stock closed Monday at $10.92.
In a statement Monday morning, United said it is launching an investigation. United exited bankruptcy in February 2006.
source: Sun Sentinel