On or around 06/12/2018 (Court's order of dismissal)
Filing Date: March 08, 2018
Gener8 Maritime, Inc. ("Gener8") engages in the transportation of international seaborne crude oil and petroleum products.
According to the Complaint, on January 31, 2018, Gener8 and Euronav NN ("Euronav") issued a press release announcing the Proposed Transaction. The terms of the Proposed Transaction were memorialized in a December 20, 2017, filing with the Securities and Exchange Commission (“SEC”) on Form 8-K attaching the definitive Agreement and Plan of Merger (the “Merger Agreement”). The Complaint alleges that in violation of sections 14(a) and 20(a) of the Securities and Exchange Act of 1934 (the “Exchange Act”), and in violation of their fiduciary duties, Defendants caused to be filed the materially deficient F-4 on February 14, 2018 with the United States Securities and Exchange Commission (“SEC”) in an effort to solicit stockholders to vote their Gener8 shares in favor of the Proposed Transaction.
Plaintiff voluntarily dismissed this case on May 11, 2018.
Company & Securities Information
Defendant: Gener8 Maritime, Inc.
Industry: Water Transportation
Headquarters: United States
Ticker Symbol: GNRT
Company Market: New York SE
Market Status: Public (Listed)
About the Company & Securities Data
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In most cases, the primary company-defendant actually issued the securities that are the subject of the litigation, and the securities information and company information relate to the same entity. In a small subset of cases, however, the primary company-defendant is not the issuer (for example, cases against third party brokers/dealers), and the securities information and company information do not relate to the same entity.
First Identified Complaint
Joseph Fragapane, et al. v. Gener8 Maritime, Inc., et al.