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Eagle Bulk Shipping Inc. Directors Hit By Investor Lawsuit Alleging Breaches Of Fiduciary Duty

  • If you purchased shares of Eagle Bulk Shipping Inc. (NASDAQ EGLE) and currently hold those EGLE shares, you have certain options and you should contact the Shareholders Foundation, Inc.

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Lawsuit Overview

June 10, 2012 (Update) -- The defendants moved to dismiss the plaintiffs’ complaint on two grounds, only one of which was granted. The court found the allegations were sufficient to “call into question whether the compensation was fair to the corporation when approved, the good faith of the directors setting those rates, or that the decision to set the compensation could not have bee...



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