New York judge gives Kalani plaintiffs 'third bite at the apple' against Greek owners

Securities fraud allegations against two Greek shipowners remain alive in US federal courts, at least for now, after a judge declined to end the shareholder litigation outright.

District Judge Gary R Brown has decided to allow shareholders of George Economou’s DryShips and Simeon Palios vehicle Diana Containerships to amend their respective complaints over the two companies’ dealings with financier Kalani Investments.