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Shipping company sued over merger by shareholders

By LocalLabs News Service
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NEW YORK (Legal Newsline) – A shipping company is being sued over a merger transaction claiming the merger is unfair to stockholders.

Todd Biederman filed the suit on May 14 in U.S. District Court for the Southern District New York against Baltic Trading Ltd., and alleged the merger between Baltic and Genco Shipping and Trading Ltd. was done through a “flawed process.”

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