NEW YORK--(BUSINESS WIRE)--
The Law Offices of Vincent Wong notifies investors of an investigation concerning whether DryShips Inc. (“DryShips”) (NASDAQ:DRYS) violated federal securities laws.
Click here to learn about the case: http://docs.wongesq.com/DRYS-Info-Request-Form-1650. There is no cost or obligation to you.
The investigation concerns a series of transactions beginning on or around June 8, 2016, wherein DryShips raised hundreds of millions of dollars in capital by selling newly-issued shares directly to Kalani Investments Ltd., a British Virgin Islands firm. 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.”
To learn more about the investigation of DryShips contact Vincent Wong, Esq. either via email [email protected], by telephone at 212.425.1140, or visit http://docs.wongesq.com/DRYS-Info-Request-Form-1650.
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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