IMPORTANT EQUITY ALERT: Khang & Khang LLP Announces Securities Class Action Lawsuit against DryShips Inc. and Reminds Investors with Losses Exceeding $500,000 to Contact the Firm
IRVINE, Calif., Aug. 08, 2017 (GLOBE NEWSWIRE) -- 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 between June 8, 2016 and 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 joon@khanglaw.com.
There has been no class certification in this case yet. Until certification occurs, you are not represented by an attorney. You may choose to take no action and remain a passive class member as well.
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 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, DryShips’ public statements were materially false and misleading at all relevant times. When this information reached the public, shares of DryShips decreased in value materially, which caused investors harm according to the Complaint.
If you wish to learn more about this lawsuit, or if you have questions regarding this notice or your rights, please contact Joon M. Khang, Esq., a prominent litigator for nearly two decades, by telephone by (949) 419-3834, or via e-mail at joon@khanglaw.com.
This press release may constitute Attorney Advertising in certain jurisdictions.
Contact Joon M. Khang, Esq. Telephone: 949-419-3834 Facsimile: 949-225-4474 joon@khanglaw.com
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