LOS ANGELES--(BUSINESS WIRE)--

Glancy Prongay & Murray LLP (“GPM”) announces that a class action lawsuit has been filed on behalf of investors who purchased DryShips Inc. (“DryShips” or the “Company”) (NASDAQ: DRYS) securities between June 8, 2016 and July 12, 2017, inclusive (the “Class Period”). DryShips investors have until September 12, 2017 to file a lead plaintiff motion. To obtain information or participate in the class action, please visit the DryShips page on our website at www.glancylaw.com/case/dryships-inc.

Investors suffering losses on their DryShips investments are encouraged to contact Lesley Portnoy of GPM to discuss their legal rights in this class action at 310-201-9150 or by email to [email protected].

According to the complaint filed in this class action, the defendants made materially false and misleading statements during the Class Period and/or failed to disclose that: (1) the defendants engaged in a systemic stock-manipulation scheme to artificially inflate DryShips’ share price; (2) DryShips’ transactions with Kalani were an illegal capital-raising scheme, due in part to Kalani’s failure to register as an underwriter with the SEC; and (3) as a result, DryShips’ public statements were materially false and misleading at all relevant times. The complaint also alleges that when the true details entered the market, investors suffered damages.

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If you purchased shares of DryShips during the Class Period you may move the Court no later than September 12, 2017 to ask the Court to appoint you as lead plaintiff if you meet certain legal requirements. To be a member of the Class you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the Class. If you wish to learn more about this action, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Lesley Portnoy, Esquire, of GPM, 1925 Century Park East, Suite 2100, Los Angeles California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by email to [email protected], or visit our website at http://glancylaw.com. If you inquire by email please include your mailing address, telephone number and number of shares purchased.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

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