Shalov Stone Bonner & Rocco LLP Names Goldman Sachs & Co. as a Defendant in Securities Class Action Against Britannia Bulk Holdi
November 11 2008 - 11:14AM
PR Newswire (US)
NEW YORK, Nov. 11 /PRNewswire/ -- Shalov Stone Bonner & Rocco
LLP has filed a securities class action lawsuit against Britannia
Bulk Holdings Inc. (NYSE: DWT; Pink Sheets: BBLKF) on behalf of
purchasers of the company's common stock issued in its initial
public offering. The complaint names as defendants the company and
certain of its directors, executive officers, and underwriters,
including Goldman Sachs & Co. The lawsuit alleges, among other
things, that the company made material misstatements or omissions
in its prospectus and registration statement for its initial public
offering filed with the Securities and Exchange Commission. The
alleged misstatements and omissions relate to the company's use of
"chartered-in capacity," forward freight agreements, and naked
bunker fuel hedges. The lawsuit is pending in the United States
District Court for the Southern District of New York. If you
purchased shares of Britannia and would like to join the lawsuit at
this time, you are encouraged to contact Shalov Stone Bonner &
Rocco LLP, which has extensive experience in the prosecution of
class actions on behalf of investors. For more information about
the firm and the Britannia litigation, investors are encouraged to
visit: http://www.lawssb.com/news_story.php?news=20081107 Investors
are warned that, while other law firms may issue press releases
about the Britannia class action, not all of these firms have
necessarily filed cases of their own or performed an independent
investigation. Some law firms issue such press releases solely in
an effort to solicit clients. For additional information about the
Britannia lawsuit, please contact Ralph M. Stone or Thomas G.
Ciarlone, Jr., at Shalov Stone Bonner & Rocco LLP, 485 Seventh
Avenue, Suite 1000, New York, New York 10018 (telephone: (212)
239-4340; e-mail: , ). Attorney advertising. Prior results do no
guarantee a similar outcome. DATASOURCE: Shalov Stone Bonner &
Rocco LLP CONTACT: Ralph M. Stone, , or Thomas G. Ciarlone, Jr., ,
both of shalov Stone Bonner & Rocco LLP, +1-212-239-4340, Fax,
+1-212-239-4310 Web Site: http://www.lawssb.com/
http://www.lawssb.com/news_story.php?news=20081107
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