WILMINGTON, Del., May 4, 2015 /PRNewswire/ — Rigrodsky & Long, P.A.:

• Do you own shares of Baltic Trading Limited (NYSE: BALT)?
• Did you purchase any of your shares prior to April 8, 2015?
• Do you think the proposed buyout value is too low?
• Do you want to discuss your rights?

Rigrodsky & Long, P.A. announces that it is investigating potential legal claims against the board of directors of Baltic Trading Limited (“Baltic” or the “Company”) (NYSE: BALT) regarding possible breaches of fiduciary duties and other violations of law related to the Company’s entry into an agreement to be acquired by Genco Shipping & Trading Limited (“Genco”) (OTC PINK: GSKNF).

Click here to learn more: http://rigrodskylong.com/investigations/baltic-trading-limited-balt.

Under the terms of the agreement, shareholders of Baltic will receive 0.216 shares of Genco for each share of Baltic common stock owned. Based on Genco’s closing price on April 7, 2015, the day prior to the announcement, Baltic shareholders would have received compensation valued at approximately $1.60 per share.

The investigation concerns whether Baltic’s board of directors failed to adequately shop the Company and obtain the best possible value for Baltic’s shareholders before entering into an agreement with Genco.

If you own the common stock of Baltic and purchased your shares before April 8, 2015, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Seth D. Rigrodsky or Gina M. Serra at Rigrodsky & Long, P.A., 2 Righter Parkway, Suite 120, Wilmington, DE 19803, by telephone at (888) 969-4242; by e-mail to info@rl-legal.com, or at: http://rigrodskylong.com/investigations/baltic-trading-limited-balt.

Rigrodsky & Long, P.A., with offices in Wilmington, Delaware and Garden City, New York, regularly prosecutes securities class, derivative and direct actions, shareholder rights litigation and corporate governance litigation, on behalf of shareholders in states and federal courts throughout the United States.

Attorney advertising. Prior results do not guarantee a similar outcome.

CONTACT:

Rigrodsky & Long, P.A.
Seth D. Rigrodsky
Gina M. Serra
(888) 969-4242
(302) 295-5310
Fax: (302) 654-7530
info@rl-legal.com
http://www.rigrodskylong.com

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/baltic-trading-limited-shareholder-alert-rigrodsky–long-pa-announces-investigation-of-buyout-300076809.html

SOURCE Rigrodsky & Long, P.A.