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IN RE BRITANNIA BULK HOLDINGS INC. SECURITIES LIT.

Master File No. 08 Civ. 9554(DLC).

665 F.Supp.2d 404 (2009)

In re BRITANNIA BULK HOLDINGS INC. SECURITIES LITIGATION.

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

October 19, 2009.

Attorney(s) appearing for the Case

Michael K. Yarnoff, Karen E. Reilly, Emily Rubin, Barroway Topaz Kessler Meltzer & Check LLP, Radnor, PA, Joseph A. Fonti, Labaton Sucharow LLP, New York, NY, for Plaintiff.

William McGuinness, Peter L. Simmons, Fried, Frank, Harris, Shriver & Jacobson LLP, New York, NY, for the Underwriter Defendants.

Michael G. Bongiorno, Justina L. Geraci, Wilmer Cutler Pickering Hale and Dorr LLP, New York, NY, for Defendants Fehrn-Christensen, Halsted, Khanbabi, and Sinders.

Mark S. Cohen, Sandra C. McCallion, Daniel H. Tabak, Cohen & Gresser LLP, New York, NY, for Defendant Arvid Tage.

OPINION & ORDER

DENISE COTE, District Judge.

This consolidated lawsuit, brought by lead plaintiff Edward Wahl ("Plaintiff") as a class action under the Securities Act of 1933 ("Securities Act"), alleges that the Registration Statement and Prospectus (collectively, "Offering Documents") accompanying a June 17, 2008 public offering of common stock in Britannia Bulk Holdings, Inc. ("Britannia" or the "Company") were materially misleading. Plaintiff...

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