General Maritime Corporation
Class Period: May 10, 2010 to Nov 16, 2011
Lead Plaintiff Deadline: Aug 27, 2012 + Deadline passed
Summary of Case:
A securities class action has been filed against General Maritime Corporation (GMR) behalf of all persons and entities who purchased the publicly traded common shares of GMR between May 10, 2010 to November 16, 2011. This case has been filed in the USDC - New York (Southern).
The complaint alleges that throughout the Class Period, Defendants issued materially false and misleading statements and omitted material information regarding the Company's business and financial results. As a result of Defendants' false statements and omissions, General Maritime stock traded at artificially inflated prices during the Class Period, reaching a high of $7.87 per share on June 11, 2010.
The day after the close of the Class Period, on November 17, 2011, the Company announced that it had a voluntary petition for relief under Chapter 11 of the United States Bankruptcy Code completely wiping out all the equity in the Company.
If you purchased this company's shares during the Class Period and suffered a loss or for further information about the case, please review the links below.