We should look in to these Law Firms as they are already involved in other Shiping Shareholder Law suits. Just an example:
DryShips, TOP Ships, Diana Containerships And Kalani
Aug. 28, 2017 7:34 AM
Summary
As you know, DryShips shareholder Herbert Silverberg has taken legal action against DryShips and Kalani, with a complaint alleging violations of federal security laws by DryShips.
Now, TOP Ships is in a similar situation; on August 23, 2017, TOP Ships shareholder Christopher Brady took legal action against TopShips and Kalani.
The next in the line is Diana Containerships.
A class action lawsuit has been filed by a number of law firms against Diana Containerships over the shipping company’s “unlawful business practices”.
Bronstein, Gewirtz & Grossman informed that the lawsuit has been filed against Diana Containerships and its officers on behalf of shareholders who purchased Diana securities between January 26, 2017, and October 3, 2017.
What is more, Kahn Swick & Foti (KSF), former Attorney General of Louisiana, Charles C. Foti, Jr., are reminding investors that they have until December 22, 2017, to file lead plaintiff applications in a securities class action lawsuit against Diana Containerships if they purchased the company’s shares during the aforementioned period. This action is pending in the United States District Court for the Eastern District of New York.
Two more law firms including Faruqi & Faruqi and Pomerantz are investigating potential claims against Diana Containerships. Faruqi & Faruqi is encouraging investors who suffered losses exceeding USD 50,000 investing in Diana Containerships to contact the firm.
The complaint alleges that during the Class Period, defendant Symeon P. Palios, the Company’s CEO and Chairman of the Board, caused Diana to engage in a series of manipulative share issuance/sales transactions with Kalani, a British Virgin Islands entity, and related entities.
