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IRVINE, Calif., Sept. 07, 2017 -- Khang & Khang LLP (the “Firm”) announces a securities class action lawsuit against DryShips Inc. (“DryShips” or the “Company”) (Nasdaq:DRYS). Investors who purchased or otherwise acquired shares from June 8, 2016 through July 12, 2017, inclusive (the “Class Period”), are encouraged to contact the Firm before the September 12, 2017 lead plaintiff motion deadline.
If you purchased DryShips shares during the Class Period, please contact Joon M. Khang, Esquire, of Khang & Khang LLP, 4000 Barranca Parkway, Suite 250, Irvine, CA 92604, by telephone at (949) 419-3834, or by e-mail at [email protected].
There has been no class certification in this case yet, and until certification occurs, you are not represented by an attorney. You may also choose to take no action and remain a passive class member.
According to the Complaint, throughout the Class Period, DryShips made false and misleading statements and/or failed to disclose: that the Company engaged in a systemic stock-manipulation scheme to artificially inflate its share price; that DryShips’ transactions with Kalani Investments Ltd. were an illegal capital-raising scheme, due in part to Kalani’s failure to register as an underwriter with the SEC; and that as a result, DryShips’ public statements were materially false and misleading at all relevant times. Following this news, shares of DryShips dropped in value materially, which caused investors harm according to the lawsuit.
If you wish to learn more about this lawsuit, or if you have any questions concerning this notice or your rights, please contact Joon M. Khang, a prominent litigator for nearly two decades, by telephone at (949) 419-3834, or by e-mail at [email protected].
This press release may constitute Attorney Advertising in certain jurisdictions.
Contact Joon M. Khang, Esq. Telephone: 949-419-3834 Facsimile: 949-225-4474 [email protected]
