DRYS INVESTOR ALERT: The Law Offices of Vincent Wong Reminds Investors of a Class Action Involving DryShips
Inc. and a Lead Plaintiff Deadline of September 12, 2017
The Law Offices of Vincent Wong announce that a class action lawsuit has been commenced in the United States District Court for
the Southern District of New York on behalf of investors who purchased DryShips Inc. ("DryShips") (NASDAQ:DRYS) securities between
June 8, 2016 and July 12, 2017.
Click here to learn about the case: http://www.wongesq.com/pslra-sb/dryships-inc?wire=2 . There is no cost or obligation to you.
According to the complaint, throughout the Class Period, the Company issued materially false and misleading statements and/or
failed to disclose that: (i) Defendants engaged in a systemic stock-manipulation scheme to artificially inflate DryShips’ share
price; (ii) 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 (iii) as a result of the foregoing, DryShips’ public statements were
materially false and misleading at all relevant times. On July 13, 2017, The Wall Street Journal published an article describing
how DryShips’ influxes of cash resulting from these transactions stoked investor interest in the Company, allowing it to issue
further shares, which it then continued to sell to Kalani. Then, to counter share-value dilution, DryShips executed a series of
reverse stock splits. The article suggests that, because Kalani purchased DryShips stock with the intention of reselling, the
transactions between DryShips and Kalani constituted “pseudo-underwriting.”
If you suffered a loss in DryShips you have until September 12, 2017 to request that the Court appoint you as lead
plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff. To obtain additional
information, contact Vincent Wong, Esq. either via email vw@wongesq.com, by
telephone at 212.425.1140, or visit http://www.wongesq.com/pslra-sb/dryships-inc?wire=2 .
Vincent Wong, Esq. is an experienced attorney that has represented investors in securities litigations involving financial fraud
and violations of shareholder rights. Attorney advertising. Prior results do not guarantee similar outcomes.
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The Law Offices of Vincent Wong
Vincent Wong, Esq., 212-425-1140
Fax. 866-699-3880
vw@wongesq.com
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