The Klein Law Firm announces that a class action complaint has been filed on behalf of shareholders of Diana Containerships Inc. (NASDAQ: DCIX) who purchased shares between June 9, 2016 and October 3, 2017. The action, which was filed in the United States District Court for the Eastern District of New York, alleges that the Company violated federal securities laws.
In particular, the complaint alleges that throughout the Class Period, defendants engaged in a series of manipulative share issuance/sales transactions with Kalani Investments Limited and related entities in order to provide Diana Containerships with financing that benefited CEO and Chairman Symeon P. Palios, his related companies and family members, and otherwise funnel money to Company insiders.
Shareholders have until December 22, 2017 to petition the court for lead plaintiff status. Your ability to share in any recovery does not require that you serve as lead plaintiff. You may choose to be an absent class member.
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