Three class-action lawsuits alleging securities fraud on the part of Greek shipowners in conjunction with financial firm Kalani Investments are proceeding ever so slowly in the US federal court system, with deadlines now stretching into 2019.
All plaintiffs complain that the owners — DryShips, Top Ships and Diana Containerships — conspired with Kalani to destroy shareholder value through a scheme of stock sales in which the investment firm improperly acted as an underwriter.
