LOS ANGELES, Aug. 24, 2017 /PRNewswire/ -- Goldberg Law PC, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against DryShips Inc. ("DryShips" or the "Company") (Nasdaq: DRYS) for violations of federal securities laws.
Investors who purchased the Company's shares between June 8, 2016 and July 12, 2017, inclusive (the "Class Period"), are encouraged to contact the firm before September 12, 2017, the lead plaintiff motion deadline.
If you are a shareholder who suffered a loss during the Class Period, click here to participate.
We also encourage you to contact Michael Goldberg or Brian Schall, of Goldberg Law PC, 1999 Avenue of the Stars, Suite 1100, Los Angeles, CA 90067, at 800-977-7401, to discuss your rights free of charge. You can also reach us through the firm's website at http://www.goldberglawpc.com/, or by email at [email protected].
The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
The Complaint alleges that during the Class Period, DryShips made materially false and/or misleading statements, and/or failed to disclose material information, specifically: 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 U.S. Securities & Exchange Commission; 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, DryShips' stock price has fallen approximately 99%, causing investors harm.
Goldberg Law PC represents investors around the world, and specializes in securities class action lawsuits and shareholder rights litigation.
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SOURCE Goldberg Law PC