PR Newswire
NEW ORLEANS, Sept. 22, 2017
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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