{"id":404959,"date":"2020-12-23T04:17:11","date_gmt":"2020-12-23T09:17:11","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=404959"},"modified":"2020-12-23T04:17:11","modified_gmt":"2020-12-23T09:17:11","slug":"shareholder-alert-pomerantz-law-firm-investigates-claims-on-behalf-of-investors-of-scorpio-bulkers-inc-salt","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-pomerantz-law-firm-investigates-claims-on-behalf-of-investors-of-scorpio-bulkers-inc-salt\/","title":{"rendered":"SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Scorpio Bulkers Inc. – SALT"},"content":{"rendered":"
\n

PR Newswire<\/p>\n<\/p><\/div>\n

\n

\n NEW YORK<\/span>, Dec. 23, 2020<\/span> \/PRNewswire\/ — Pomerantz LLP is investigating claims on behalf of investors of\u00a0Scorpio Bulkers Inc.\u00a0(“Scorpio” or the “Company”)\u00a0(NYSE:\u00a0SALT).\u00a0\u00a0 Such investors are advised to contact Robert S. Willoughby<\/span> at newaction@pomlaw.com<\/a> or 888-476-6529, ext. 7980.<\/p>\n

The investigation concerns whether Scorpio and certain of its officers and\/or directors have engaged in securities fraud or other unlawful business practices.\u00a0 <\/p>\n

\n
\n [Click here for information about joining the class action]<\/b>
\n <\/a>\n <\/p>\n

On December 20, 2020<\/span>, Scorpio disclosed that it would sell its remaining dry bulk vessels and exit the dry bulk sector during 2021. \u00a0Scorpio advised that, in connection with this decision, the Company “expects to record a write-down ranging from $475.0 million<\/span> to $500.0 million<\/span> on vessels sold and classified as held for sale,” which would include “non-cash charges of $425.0 million<\/span> to $440.0 million<\/span> . . . and $50.0 million<\/span> to $60.0 million<\/span> of estimated cash charges.”\u00a0 <\/p>\n

On this news, Scorpio’s stock price fell $1.53<\/span> per share, or 8.88%, to close at $15.70<\/span> per share on December 21, 2020<\/span>.<\/p>\n

The Pomerantz Firm, with offices in New York<\/span>, Chicago<\/span>, Los Angeles<\/span>, and Paris<\/span> is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz<\/span>, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 80 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com<\/a>.<\/p>\n

\n CONTACT:
<\/b>
\n Robert S. Willoughby<\/span>
\n
Pomerantz LLP
rswilloughby@pomlaw.com
888-476-6529<\/a>
ext. 7980<\/p>\n

\n \"Cision\" View original content:http:\/\/www.prnewswire.com\/news-releases\/shareholder-alert-pomerantz-law-firm-investigates-claims-on-behalf-of-investors-of-scorpio-bulkers-inc—salt-301197988.html<\/a><\/p>\n

SOURCE Pomerantz LLP<\/p>\n<\/p><\/div>\n

\"\"<\/p>\n","protected":false},"excerpt":{"rendered":"

PR Newswire NEW YORK, Dec. 23, 2020 \/PRNewswire\/ — Pomerantz LLP is investigating claims on behalf of investors of\u00a0Scorpio Bulkers Inc.\u00a0(“Scorpio” or the “Company”)\u00a0(NYSE:\u00a0SALT).\u00a0\u00a0 Such investors are advised to contact Robert S. Willoughby at newaction@pomlaw.com or 888-476-6529, ext. 7980. The investigation concerns whether Scorpio and certain of its officers and\/or directors have engaged in securities fraud or other unlawful business practices.\u00a0 [Click here for information about joining the class action] On December 20, 2020, Scorpio disclosed that it would sell its remaining dry bulk vessels and exit the dry bulk sector during 2021. \u00a0Scorpio advised that, in connection with this decision, the Company “expects to record a write-down ranging from $475.0 million to $500.0 million on vessels sold and classified … <\/p>\n

Continue reading “SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Scorpio Bulkers Inc. – SALT”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-404959","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nSHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Scorpio Bulkers Inc. - SALT - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-pomerantz-law-firm-investigates-claims-on-behalf-of-investors-of-scorpio-bulkers-inc-salt\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Scorpio Bulkers Inc. - SALT - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire NEW YORK, Dec. 23, 2020 \/PRNewswire\/ — Pomerantz LLP is investigating claims on behalf of investors of\u00a0Scorpio Bulkers Inc.\u00a0(“Scorpio” or the “Company”)\u00a0(NYSE:\u00a0SALT).\u00a0\u00a0 Such investors are advised to contact Robert S. Willoughby at newaction@pomlaw.com or 888-476-6529, ext. 7980. 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