URGENT ALERT: Monteverde & Associates PC Encourages Investors Who Suffered Significant Losses in Diana Containership, Inc. To...

NEW YORK, Nov. 11, 2017 /PRNewswire/ -- Notice is hereby given that a class action lawsuit has been filed, on behalf of shareholders of Diana Containership, Inc, ("Diana" or the "Company") (NasdaqGS: DCIX) for purchasers of the Company's securities between January 26, 2017 and October 26, 2017, inclusive (the "Class Period").

The Complaint alleges that, during the Class Period, Defendants made materially false and misleading statements regarding the Company's business, operational and compliance policies. Specifically, Defendants made false and/or misleading statements and/or failed to disclose that: (i) through his control of Diana, Symeon Palios ("Palios") caused Diana to sell its common shares and securities convertible into common shares to an entity named Kalani Investments Limited ("Kalani") at a significant discount to market price and to file registration statements so that Kalani could resell these shares into the market; (ii) when Kalani's sales of Diana stock caused the price of Diana stock to decline, the Company would reverse split the stock, causing a certain number of outstanding shares to be merged into a single share, and thereby raise the price of Diana stock; (iii) then Diana would again sell securities to Kalani and the same pattern of transactions would ensue; (iv) Defendants failed to disclose the true purpose of the transactions and related stock issuances and reverses, to provide Diana with financing that benefited Palios and his related companies and family members and otherwise funnel money to Company insiders; and (v) as a result of the foregoing, Diana's public statements were materially false and misleading at all relevant times.

As a result of defendants' stock manipulation scheme, the Complaint alleges that by October 3, 2017, Diana common stock, which traded at a price of more than $2,500 per share on an adjusted basis during the early part of the Class Period, was worth only $0.47 per share.

Mr. Monteverde would like to personally discuss with you how to potentially recover your monetary losses, if incurred during the Class Period.

If you wish to serve as lead plaintiff, you must move the Court no later than December 22, 2017.  Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member.  If you wish to discuss this action, or have any questions concerning this notice or your rights or interests,

click here for more information: https://monteverdelaw.com/investigations/securities/ It is free and there is no cost or obligation to you.

Monteverde & Associates PC is a boutique class action securities and consumer litigation law firm committed that has recovered millions of dollars and is committed to protecting shareholders and consumers from corporate wrongdoing.  Monteverde & Associates PC lawyers have significant experience litigating Mergers & Acquisitions and Securities Class Actions, whereby they protect investors by recovering money and remedying corporate misconduct.

Contact:
Juan E. Monteverde, Esq.
MONTEVERDE & ASSOCIATES PC
The Empire State Building
350 Fifth Ave, Suite 4405
New York, NY 10118
United States of America
[e-mail]
Tel: [phone]

Attorney Advertising. (C) 2017 Monteverde & Associates PC.  Prior results do not guarantee a similar outcome with respect to any future matter. 

 

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SOURCE Monteverde & Associates PC

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