it would be resolved in mediation or lititgation in this case ie thru a negotiation with the shareholder group being formed to request that they re-invest the "stolen money" back to Box Ships in lieu of a derivative suit for anti-fiduciary acts against the common shareholders - which are still protected by both Marshall Island and Deleware laws.
A face to face meeting will Box Management will be sought to accomplish this is the goal right now. Whether they will agree to meet has not been solidified and will be spearheaded by one of the major shareholders most likely. We have a person in Athens Greece that may be able to communicate our issues if she is able to set up the face to face meeting this month.
If they are unwilling to fix these issues - if a lawsuit is filed -
It would be filed as a derivative suit whereby the Plaintiff, shareholders of TEUFF would sue the Board of Directors thru a complaint alleging that Defendants breached their fiduciary duty of good faith, committed waste by approving transactions that were not the product of good faith business judgment, and were unjustly enriched at TEUFF common shareholders expense. Plaintiffs would then make a demand on the TEUFFs Board before instituting the action against Defendants.
News 
Market Data 
Discover 
