Search results for: fiduciary

38 results

A list of search results

  • 15 October 2013
    Business & Finance, Project & Tenders

    Congressmen Bill Cassidy, M.D. (R-LA) and John Fleming, M.D. (R-LA) proposed the Fiduciary Responsibility and Fairness Act of 2013. This bill ensures the federal government fulfills its fiduciary responsibility of providing services and activities during a government shutdown that have funding derived from user fee revenue. This includes, but is not limited to, oil and […]

  • 10 April 2015
    Business & Finance

    The Pennsylvania-based law office of Brodsky & Smith has launced an investigation into potential claims against the Board of Directors of the dry bulk specialist Baltic Trading Limited for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the company to Genco Shipping & Trading Limited. Under the […]

  • 21 April 2015
    Business & Finance

    New York based law firm Levi & Korsinsky, LLP said on Monday that it has commenced a lawsuit class action in New York Supreme Court challenging the fairness of the sale of dry bulk specialist Baltic Trading Limited to Genco Shipping & Trading Limited. Genco and its subsidiary Baltic Trading entered into a definitive merger agreement […]

  • 5 July 2017
    Business & Finance

    Athens-based owner of drybulk carriers DryShips informed that the company and its chief executive officer George Economou have been named as defendants in a lawsuit alleging breaches of fiduciary duty, unjust enrichment, and conflict of interest. Through the lawsuit, filed in High Court of the Republic of the Marshall Islands, the plaintiff seeks, among other things, a temporary restraining […]

  • 23 May 2017
    Business & Finance, Technology

    An investigation on behalf of investors in the US-based wave energy developer Ocean Power Technologies over the potential wrongdoings within the company has been launched.

  • 14 July 2020
    Business & Finance

    Thailand-listed dry cargo ship owner Precious Shipping has reached a settlement with Chinese Jiangsu Guoxin Corporation, formerly known as shipbuilder Sainty Marine Corporation, in relation to the shipbuilding contracts for eleven 64,000 dwt bulkers. The duo launched arbitration proceedings back in 2016 in London to decide upon whether the owner had the right to cancel […]

  • 6 June 2014

    Liquefied Natural Gas Limited said that ASX Compliance has decided to grant a waiver of ASX Listing Rule 14.7 on the voting exclusion statement in the company’s notice of meeting dated 15 May 2014 that relates to the next general meeting of shareholders on 16 June 2014. The resolution that will be put to a […]

  • 2 September 2016

    Following two days of talks with the federal government, Northwest Aboriginal nations demand that the “deeply flawed” environmental assessment of Pacific NorthWest LNG project.

  • 17 November 2014
    Business & Finance

    New York-based national securities firm Faruqi & Faruqi said it is investigating the Board of Directors of Horizon Lines, Inc., for potential breaches of fiduciary duties in connection with the sale of the company to Matson, Inc. Juan E. Monteverde, a partner at Faruqi & Faruqi, will focus the investigation on whether Horizon’s Board of […]

  • 23 June 2008

    Reports indicated that Aberdeen-based and Canadian listed Ithaca Energy is mulling over the “unsolicited” and “non-binding” takeover offer from Endeavour International worth US $360 million including cash and shares. Ithaca is said to be considering the Endeavour offer, “…In the context of Ithaca’s long-term strategic plan.” Shares in Ithaca were reported to be up on […]

  • 13 April 2015
    Business & Finance

    Shareholders of the dry bulk shipping company Baltic Trading Ltd. are not receiving the maximum value for their shares through a merger agreement with Genco Shipping & Trading Ltd., according to a national securities and shareholder rights law firm Tripp Levy PLLC. Tripp Levy, is investigating the last week’s stock-for-stock acquisition agreement on behalf of Baltic’s shareholders, […]

  • 2 August 2013

    Black Elk Energy Offshore Operations, LLC (“BEEOO”), an independent oil and gas company headquartered in Houston, announced this week that the 164th District Court of Harris County, Texas, recently dismissed a lawsuit filed by a small group of seed capital investors in Black Elk Energy, LLC against the majority unit holders and John Hoffman, Chief […]

  • 11 July 2017
    Business & Finance

    Nasdaq-listed shipowner DryShips informed on Monday that the application for a temporary restraining order filed last week in the Republic of the Marshall Islands by a plaintiff against the company and its CEO George Economou, has been denied. The temporary restraining order had sought to suspend any further issuance of new common shares by the company […]

  • 12 June 2017
    Business & Finance

    Hamburg’s maritime asset management firm Ernst Russ AG and Jersey-based investment group Ecofin Holdings Limited have established a new company called Elbe Financial Solutions (EFS) to enable banks to outsource their exposure to shipping loans, thereby providing balance sheet relief. “While banks want to significantly reduce the volume of their shipping loans, an increasing number of experienced […]

  • 5 April 2012
    Business & Finance

    TORM announce that it has reached a conditional agreement with the Coordination Committee of its bank groups regarding a deferral of installments and covenant standstill on its ship financing until 30 April 2012. The unconditional standstill is expected to be renewed within days. In addition, TORM has reached a conditional framework agreement in principle with […]

  • 24 May 2016
    Business & Finance

    Chinese energy company Primeline Energy said on Wednesday it would start arbitration proceedings against oil giant CNOOC. The move follows the arbitration proceeds initiated by Primeline Energy last month against Zheijang Gas, relating to a dispute over non-payment for gas from an offshore gas field in China. Primeline Energy has now, as previously announced, turned […]

  • 5 May 2015
    Business & Finance

    New York-based law firm Rigrodsky & Long, P.A. has launched an investigation into potential legal claims against the board of directors of dry bulk shipping company Baltic Trading Limited regarding possible breaches of fiduciary duties and other violations of law related to Baltic’s acquisition deal with Genco Shipping & Trading Limited. Rigrodsky & Long is the […]

  • 19 April 2011
    Business & Finance

    Vantage Drilling Company (“Vantage”)  yesterday reported a change in the composition of its Board of Directors. On April 8, 2011, Hsin-Chi Su informed the Board of Directors (the “Board”) of Vantage that effective upon the appointment of Steven Bradshaw to the Board, he would resign from the Board and from the Compensation Committee of the […]

  • 20 April 2017
    Business & Finance

    The Supreme Court of the State of New York has rejected Frontline’s attempt to stop DHT’s acquisition of very large crude carrier (VLCCs) fleet from BW Group. On April 18, 2017, Norwegian-based tanker company Frontline filed a complaint against DHT Holdings, BW Group Limited, and DHT Board of Directors alleging that the crude oil tanker […]

  • 25 July 2017
    Business & Finance

    The High Court of the Marshall Islands has denied a motion for a preliminary injunction filed by plaintiff Michael Sammons, a US investor in DryShips, legally embattled shipping company informed on Monday. The preliminary injunction motion had sought to suspend any further issuances of new common shares by the company at a price per share […]

  • 16 March 2018
    Authorities & Government, Business & Finance, Operations & Maintenance, Research & Development, Technology

    Ocean Power Technologies (OPT) has informed of a progress made in resolving a consolidated derivative lawsuit concerning the terminated agreement with a governmental entity in Australia.

  • 8 April 2011

      Hagens Berman LLP, a nationwide, investor-rights law firm, investigates Hercules Offshore to determine if the company violated securities laws after the announcement of a Securities and Exchange Commission (SEC) investigation of certain of the company’s activities. Hagens Berman partner Reed R. Kathrein is leading the firm’s investigation from its San Francisco office. Houston-based Hercules […]