With 3 law firms announcing that they are starting investigating , investors losses will only increase …
A press release was issued regarding the investigation, which says:
NEW YORK, May 1, 2017 /PRNewswire/ – Scott+Scott, Attorneys at Law, LLP (“Scott+Scott”), a national securities and consumer rights litigation firm, has commenced an investigation into DryShips, Inc. (“DryShips” or the “Company”) related to potential violations of federal securities laws. If you are a DryShips shareholder, you are encouraged to contact Scott+Scott for additional information.
DryShips are an offshore drilling business and operate dry-bulk carriers, transporting commodities such as iron ore, coal, and grain.
Between November 9 and November 16, 2016, DryShips’ stock price rose from $163 to $2,336 per share. It was reported in the Wall Street Journal that “A day after shares peaked,” DryShips “embarked on a series of stock sales totaling more than $500 million.” The Wall Street Journal further reported that DryShips sold the stock to Kalani Investments, which in turn sold the stock to “small investors.” It was further reported that this “sequence of events” could “yield” George Economou, DryShips’ Chairman and Chief Executive Officer, “tens of millions in profits.”
Since the mid-November peak at $2,336, DryShips’ shares have fallen 99.9%, to $1.30 as of April 28, 2017.
Then, a second press release came out, which says:
Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of DryShips, Inc. (“DryShips” or the “Company”) . The investigation concerns whether DryShips and certain of its officers and/or directors have violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934.
From November 9 through November 16, 2016, DryShips’ stock price rose from $163 to $2,336 per share. The Wall Street Journal reported “A day after shares peaked,” DryShips “embarked on a series of stock sales totaling more than $500 million,” and continued to describe how DryShips sold its stock to Kalani Investments, which then sold the stock to “small investors.” It was further promoted that this “sequence of events” could “yield” George Economou, DryShips’ Chairman and Chief Executive Officer, “tens of millions in profits.” Since DryShips stock peaked in mid-November at $2,336, the stock has dropped 99.9%, to $1.30 as of April 28, 2017.
If you are aware of any facts relating to this investigation, or purchased shares of DryShips, you can assist this investigation by completing the form below. You can also contact Peretz Bronstein or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484.
Following which, a third press release came out, which says:
Rosen Law Firm, a global investor rights law firm, announces it is investigating potential securities claims on behalf of shareholders of DryShips Inc. resulting from allegations that DryShips may have issued materially misleading business information to the investing public.
Rosen Law Firm is preparing a class action lawsuit to recover losses suffered by DryShips investors. If you purchased shares of DryShips on or before April 28, 2017, please visit the firm’s website at http://www.rosenlegal.com/cases-1112.html for more information. You may also contact Phillip Kim or Kevin Chan of Rosen Law Firm toll free at 866-767-3653 or via email at firstname.lastname@example.org or email@example.com.