Cases
Top Ships Inc.
Securities Class Action
Overview
Overview
- Date:
- 10/11/2017
- Company Name:
- Top Ships Inc.
- Stock Symbol:
- TOPS
- Class Period:
- FROM 1/17/2017 TO 8/22/2017
- Status:
- Closed/Complete
- Court:
- U.S. District Court: Eastern District of New York
NEW YORK, October 11, 2017 – Bragar Eagel & Squire, P.C. reminds investors that a class action lawsuit has been filed in the U.S. District Court for the Eastern District of New York on behalf of all persons or entities who purchased or otherwise acquired Top Ships Inc. (NASDAQ: TOPS) securities between January 17, 2017 and August 22, 2017 (the “Class Period”). Investors have until October 23, 2017 to apply to the Court to be appointed as lead plaintiff in the lawsuit.
In particular, the complaint alleges that Top Ships' CEO, Evangelos J. Pistiolis, caused Top Ships to engage in a series of manipulative shares issuance/sales transactions with Kalani Investments Limited and certain of its entities. These transactions allowed Top Ships to finance related-party transactions and acquisitions that primarily benefited Pistiolis, his related companies, and other Company insiders.
If you purchased or otherwise acquired Top Ships securities during the Class Period or continue to hold shares purchased prior to the Class Period, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Melissa Fortunato by email at investigations@bespc.com, or telephone at (212) 355-4648, or by filling out the contact form below. There is no cost or obligation to you.
In particular, the complaint alleges that Top Ships' CEO, Evangelos J. Pistiolis, caused Top Ships to engage in a series of manipulative shares issuance/sales transactions with Kalani Investments Limited and certain of its entities. These transactions allowed Top Ships to finance related-party transactions and acquisitions that primarily benefited Pistiolis, his related companies, and other Company insiders.
If you purchased or otherwise acquired Top Ships securities during the Class Period or continue to hold shares purchased prior to the Class Period, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Melissa Fortunato by email at investigations@bespc.com, or telephone at (212) 355-4648, or by filling out the contact form below. There is no cost or obligation to you.