A lawsuit accusing Navios Maritime Holdings of coercing preferred shareholders to tender their shares has come to an end.
The case, in which Norman Roberts accused the Angeliki Frangou-led bulker owner of setting up a "prisoner's dilemma" tender offer to fatten Frangou's bank account, was voluntarily dismissed last week, court papers show.
In January, Roberts filed a lawsuit on behalf of himself and his fellow shareholders against the company, Frangou and its board following a tender offer from Navios the month prior.
