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LOS ANGELES, Sept. 06, 2017 -- Lundin Law PC, a shareholder rights firm, announces a class action lawsuit against DryShips Inc. (“DryShips” or the “Company”) (Nasdaq:DRYS) for possible violations of federal securities laws from June 8, 2016 through July 12, 2017, inclusive (the “Class Period”). Investors who purchased or otherwise acquired DryShips shares during the Class Period should contact the firm by the September 12, 2017 lead plaintiff motion deadline.
To participate in this class action lawsuit, click here.
You can also call Brian Lundin, Esq., of Lundin Law PC, at 888-713-1033, or you can e-mail him at [email protected].
No class has been certified in the above action yet, and until a class is certified, you are not considered to be represented by an attorney. You may also choose to do nothing and be an absent class member.
According to the Complaint, throughout the Class Period, DryShips made materially false and/or 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 partly to Kalani’s failure to register as an underwriter with the SEC; and that as a result of the above, the Company’s public statements were materially false and misleading at all relevant times. Since November 2016, shares of DryShips have fallen in value about 99%, which caused investors harm according to the Complaint.
Lundin Law PC was created by Brian Lundin, Esq., a securities litigator based in Los Angeles dedicated to upholding the rights of shareholders.
This press release may be considered Attorney Advertising in certain jurisdictions under the applicable law and rules of ethics.
Contact: Lundin Law PC Brian Lundin, Esq. Telephone: 888-713-1033 Facsimile: 888-713-1125 [email protected] http://lundinlawpc.com/
