TOP SHIPS SHAREHOLDER ALERT: ClaimsFiler Reminds Investors with Losses in Excess of $100,000 of Lead Plaintiff Deadline in Cl...
October 06 2017 - 10:50PM
Business Wire
ClaimsFiler, a FREE shareholder information service, reminds
investors that they have until October 23, 2017 to file lead
plaintiff applications in a securities class action lawsuit against
Top Ships Inc. (Nasdaq: TOPS), if they purchased the Company’s
shares between January 17, 2017 and August 22, 2017, inclusive (the
“Class Period”). This action is pending in the United States
District Court for the Eastern District of New York.
Get Help
Top Ships investors should visit us at
https://www.claimsfiler.com/cases/view-top-ships-inc-securities-litigation
or call to speak to our claim center toll-free at (844)
367-9658.
About the Lawsuit
Top Ships and certain of its executives are charged with failing
to disclose material information during the Class Period, violating
federal securities laws.
Throughout 2017, Top Ships engaged in a stock scheme of selling
tens of millions of its shares to Kalani Investments Limited at a
deeply discounted rate and then filing registration statements
enabling Kalani to resell the shares. As the selloff caused the
share price to decline, Top Ships would then artificially raise the
price via a reverse stock split, causing shares to be merged.
As a result of this scheme, the price of Top Ships’ shares has
plummeted by more than 99%.
About ClaimsFiler
ClaimsFiler has a single mission: to serve as the information
source to help retail investors recover their share of billions of
dollars from securities class action settlements. ClaimsFiler’s
team of experts monitor the securities class action landscape and
cull information from a variety of sources to ensure comprehensive
coverage across a broad range of financial instruments.
To learn more about ClaimsFiler, visit www.claimsfiler.com.
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version on businesswire.com: http://www.businesswire.com/news/home/20171006005019/en/
ClaimsFilerJerry Gallo,
844-367-9658https://www.claimsfiler.com
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