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METCALF v. ZOULLAS

No. 11 Civ. 3996 (AKH).

JOHN T. METCALF et al., Plaintiffs, v. SOPHOCLES N. ZOULLAS et al., Defendants.

United States District Court, S.D. New York.

January 19, 2012.

OPINION AND ORDER DENYING DEFENDANTS' MOTION TO DISMISS

ALVIN K. HELLERSTEIN, District Judge.

This derivative shareholder action is brought by Plaintiffs to assert claims on behalf of Eagle Bulk Shipping Inc. ("Eagle"), a Republic of the Marshall Islands corporation engaged primarily in the ocean transport of bulk cargoes. The essence of Plaintiffs' allegations is that since 2007 Eagle has been operated by its Directors and executive...

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