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The Law Offices of Howard G. Smith Announces the Filing of a Securities Class Action on Behalf of DryShips Inc. Investors and Encourages Investors to Contact the Firm

BENSALEM, Pa.--(BUSINESS WIRE)--

The Law Offices of Howard G. Smith 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.

Investors suffering losses on their DryShips investments are encouraged to contact the Law Offices of Howard G. Smith to discuss their legal rights in this class action at 888-638-4847 or by email to howardsmith@howardsmithlaw.com.

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.

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. 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 Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to howardsmith@howardsmithlaw.com, or visit our website at www.howardsmithlaw.com.

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

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