News SSB&R Files Securities Fraud Action Against Britannia Bulk Holdings, Inc. Shalov Stone Bonner & Rocco LLP 11/07/2008

 

On November 7, 2008, Shalov Stone Bonner & Rocco LLP filed a securities class action lawsuit against Britannia Bulk Holdings Inc. (NYSE: DWT; OTC: BBLKF.PK) 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 underwriters, executive officers, and directors. 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 Britannia stock on or before October 28, 2008, and would like to join the class action at this time, please review the complaint and complete the certification form, both of which are available below. Please fax your completed certification to (212) 239-4310, or mail it to: Shalov Stone Bonner & Rocco LLP, 485 7th Ave., Suite 1000, New York, NY 10018.

Complaint
Certification Form