General Maritime Corporation Summary: According to the complaint, General Maritime purports to be a leading crude and products tanker company serving principally within the Atlantic basin which includes ports in the Caribbean, South and Central America, the United States, West Africa, the Mediterranean, Europe and the North Sea.
The complaint alleges that throughout the Class Period, defendants issued materially false and misleading statements and omitted material information regarding the Company's business and financial results. As a result of defendants' false statements and omissions, General Maritime stock traded at artificially inflated prices during the Class Period, reaching a high of $7.87 per share on June 11, 2010.
On September 21, 2012, the Court issued an Order consolidating cases, appointing lead plaintiff, and approving the selection of lead counsel.
On November 15, 2012, the Plaintiffs filed their Consolidated Amended Class Action Complaint.
SIC Code: 4412
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