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K-Sea Transportation Partners L.P. Hit Lawsuit Filed By Unitholder To Stop Takeover

  • If you purchased K-Sea Transportation Partners L.P. (NYSE:KSP) and currently continue to hold those NYSE:KSP shares, you have certain options and you should contact the Shareholders Foundation, Inc.

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Lawsuit Overview

APRIL 2012 - Case dismissed, finding the plaintiffs had not shown that the defendants had acted bad faith in approving the deal. An investor in K-Sea Transportation Partners L.P. (NYSE:KSP) filed a lawsuit in effort to block the proposed takeover by Kirby Corp. The plaintiff alleges that the board of directors of K-Sea Transportation Partners breached its fiduciary duty to shareholde...



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