Eike Batista's Flagship Company Has Officially Filed For Bankruptcy

Out with a bang, that's the least we can say for Eike Batista.

After a year of agonizing losses, after seeing 99% of his $34 billion fortune fall away, the Brazilian tycoon has finally put OGX, his flagship oil and gas company, into bankruptcy proceedings, according to Bloomberg.

More to come as we get it.