Top Ships faces legal action over Kalani dealings

TOP_Ships

An investigation has been launched on behalf of investors of Top Ships into the company’s dealings with Kalani Investment.

According to law firm Glancy Prongay & Murray LLP, the investigation concerns the shipping company and its officers’ possible violations of federal securities laws.

The investigation is reportedly said to be instigated by allegations that Top Ships’ CEO, Evangelos Pistolis, caused the company to engage in a “series of manipulative share issuance and sales transactions with Kalani and related entities.”

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