NEW ORLEANS, Sept. 22, 2017 /PRNewswire/ -- 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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