Wolf Haldenstein Announces Investigation of General Maritime Corporation
25 8월 2011 - 6:47AM
Business Wire
Attorney Advertising. The law firm of Wolf Haldenstein Adler
Freeman & Herz LLP is investigating possible breaches of
fiduciary duty by the Board of Directors of General Maritime
Corporation (“General Maritime” or the “Company”) [NYSE:GMR]
arising out a $200 million secured loan received from Oaktree
Capital Management (“Oaktree”).
On March 29, 2011, General Maritime entered into a Credit
Agreement (“the Agreement”) with Oaktree for $200 million. As a
condition of the agreement, General Maritime would provide an
Oaktree partnership with warrants for the purchase of 19.9% of the
company’s shares for $0.01. In addition, the agreement also calls
for General Maritime’s Chairman, Peter C. Georgiopoulos, to be
granted an interest in the Oaktree partnership and therefore, he
would be entitled to 4.9% of all distributions made by the
partnership.
Wolf Haldenstein is specifically investigating the possible
negative effects the agreement will have on the shareholders of
General Maritime, as well as the overall propriety of the loan.
Wolf Haldenstein has been representing individual and
institutional investors for many years, serving as lead counsel in
numerous cases in U.S. federal and state courts. Please visit the
Wolf Haldenstein website (http://www.whafh.com) for more
information about the firm.
If you own General Maritime common stock and you wish to discuss
this matter with us, or have any questions concerning your rights
and interests with regard to this matter, please contact:
Gregory Nespole or Derek BehnkeWolf Haldenstein Adler
Freeman & Herz LLP270 Madison AvenueNew York,
New York 10016Phone Numbers: (800) 575-0735(212) 545-4600
Email: nespole@whafh.comClassmember@whafh.com
Website: http://www.whafh.comAttorney Advertising. Prior Results
Do Not Guarantee A Similar Outcome.
General Maritime (NYSE:GMR)
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General Maritime (NYSE:GMR)
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부터 6월(6) 2023 으로 6월(6) 2024
General Maritime Corp. New Common Stock (뉴욕 증권거래소)의 실시간 뉴스: 최근 기사 0
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