SOURCE: Levi & Korsinsky, LLP

Levi & Korsinsky, LLP

August 20, 2012 17:55 ET

UPCOMING DEADLINE: Levi & Korsinsky Notifies Investors With Losses on Their Investment in General Maritime Corporation of Class Action Lawsuit and the Deadline of August 27, 2012 to Seek a Lead Plaintiff Position

NEW YORK, NY--(Marketwire - Aug 20, 2012) - Levi & Korsinsky announces that a class action lawsuit has been commenced in the United States District Court for the Southern District of New York on behalf of investors who purchased General Maritime Corporation ("General Maritime" or the "Company") (OTCBB: GMRRQ) securities between May 10, 2010 and November 16, 2011 (the "Class Period"). 

For more information, click here: http://zlk.9nl.com/general-maritime-gmrrq. There is no cost or obligation to you.

Lead Plaintiff Filing Deadline: August 27, 2012

The complaint alleges that, during the Class Period, certain members of the Board and other officers made materially false and misleading statements regarding the Company's business and financial results. Specifically, the Complaint alleges that the defendants made statements that General Maritime's cash balances, operating cash flows and available borrowings were sufficient to meet the Company's liquidity needs for late 2011 and early 2012, when there was no reasonable basis to believe so. Then on November 17, 2011, the Company announced that it had a voluntary petition for relief under Chapter 11 of the United States Bankruptcy Code, thus completely eliminating all of the Company's equity.

If you suffered a loss in General Maritime you have until August 27, 2012 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff. To obtain additional information, contact Joseph E. Levi, Esq. either via email at jlevi@zlk.com or by telephone at (877) 363-5972, or visit http://zlk.9nl.com/general-maritime-gmrrq.

Levi & Korsinsky is a national firm with offices in New York and Washington D.C. The firm has extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.

Contact Information

  • CONTACT:
    Levi & Korsinsky, LLP
    Joseph Levi, Esq.
    Eduard Korsinsky, Esq.
    30 Broad Street - 24th Floor
    New York, NY 10004
    Tel: (212) 363-7500
    Toll Free: (877) 363-5972
    Fax: (212) 363-7171
    www.zlk.com