$DRYS under investigation. NEW YORK, May 1, 2017

New Post Public Reply Private Reply Replies (0) Message Board
Randy101
303
$DRYS under investigation.


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. (NASDAQ: DRYS) ("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 is an offshore drilling business and operates 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.

What You Can Do

If you are a DryShips shareholder who purchased shares in connection with the November offerings and you wish to discuss this investigation, or if you have questions about this notice or your legal rights, please contact attorney Rhiana Swartz at (844) 818-6980, or at rswartz@scott-scott.com.

About Scott+Scott, Attorneys at Law, LLP

Scott+Scott has significant experience in prosecuting major securities, antitrust, and employee retirement plan actions throughout the United States. The firm represents pension funds, foundations, individuals, and other entities worldwide with offices in New York, London, Connecticut, California and Ohio.

CONTACT:
Rhiana Swartz
Scott+Scott, Attorneys at Law, LLP
(844) 818-6980
rswartz@scott-scott.com

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/scottscott-attorneys-at-law-llp-announces-investigation-of-dryships-inc-drys-300448826.html SOURCE Scott+Scott, Attorneys at Law, LLP /Web site: http://scott-scott.com (END) Dow Jones Newswires May 01, 2017 13:45 ET (17:45 GMT) Story ID: 20170501SN004980 Keywords: PR NEWSWIRE, COMPANY NEWS, MARINE TRANSPORTATION, DOW JONES CONTENT SET SN, PRESS RELEASE WIRES, GRAND CENTRAL ASSET CLASS EQUITIES, SIGNIFICANT STORY Symbols: DRYS
Scroll down for more posts ▼

Top 10 Most Recent News Articles

KAPSARC Drives Energy Dialogue at WPC in Riyadh

Updated Category News Views 10

Defining Energy Horizons in Riyadh Mark those calendars, because as the global energy crowd descends on Riyadh from October 11 to 15, 2026, KAPSARC steps into the spotlight. As the National Partner at the 25th World Petroleum Congress (WPC), they're not just warming the bench—they're playing every position, shaking up the field of energy. Paving the Pathways with...

Continue Reading
Buying Land in Greeneville: Avoiding Costly Mistakes

Updated Category News Views 16

Diving Headfirst into Raw Land Purchases Buying land isn't like your typical house flip in Greeneville, Tennessee. It's a whole different ballgame out there. You might think you're just purchasing a piece of Mother Earth, but you got to know there's more beneath the surface—quite literally—before you sign anything. You can go from a promising adventure to a...

Continue Reading
AI Drives Major Time Savings in Endoscopy Tech

Updated Category News Views 5

AI in Endoscopy: Game-Changer or Gimmick? Stumbling across AnX Robotica's latest pitch about their NaviCam ProScan AI workflow, one can't help but feel a mix of curiosity and skepticism. With the stakes in medical tech sky-high, they've fired off some impressive stats that grab attention. We're talking about cutting small-bowel capsule review times by a whopping...

Continue Reading
Arrvel's Thermal Printers: Aiming at E-Com Sellers

Updated Category News Views 13

Arrvel's Thermal Printing Push: An Overview No one would have pegged tiny thermal label printers as game-changers, but here we are. Arrvel's new lineup of thermal printers is shaking up the world for anyone who's ever had to slap on a shipping label or get inventory organized. They're targeting e-commerce folks and small businesses, which sounds like the right move as...

Continue Reading
NARUTO Card Game Set for June 2027 Global Launch

Updated Category News Views 4

Mark Your Calendars: Global Launch June 2027 They're rolling out a red carpet for nostalgia here, I tell ya! At the New York Comic Con, BANDAI announced a worldwide launch for the NARUTO CARD GAME in June 2027. We'll see pre-built decks starring your favorite shinobi and a mad sprint to collect with the new booster packs. Feels sort of like they’re summoning a jutsu...

Continue Reading
Southern Company Sparks Swift Power Restoration Post-Isaias

Updated Category News Views 6

Well, when Mother Nature decides to throw a tantrum, it takes seasoned hands and savvy tech to clean up the mess. That's exactly what Southern Company is doing after Hurricane Isaias wreaked havoc on the Southeast. With their electric utilities—Alabama Power, Georgia Power, and Mississippi Power—hitting the ground running, they've already restored power to a whopping...

Continue Reading
tm:rw Revolutionizes Retail with Live TikTok Studios

Updated Category News Views 7

tm:rw Takes a Bold Step into Social Commerce Throw out whatever you've thought about traditional brick-and-mortar retail because tm:rw isn't just bending the rules—it's burning the book. Launching nine branded studio spaces at their Times Square flagship, tm:rw is blending live streaming with in-person shopping, all in sync with TikTok Shop. The experience is less about...

Continue Reading
Kailas Campaign Binds Climbers with Gear, Trust

Updated Category News Views 7

Embracing the Spirit of Climbing Connections Alright, so when's the last time you saw a brand digging into the human side of one rugged sport like climbing? That's where Kailas steps in, pulling us beyond gear talk into the trust and camaraderie that defines climbing. Their latest effort—dubbed “Stay Warm, Stay Together”—goes beyond mere technical prowess by...

Continue Reading
Tchah Sup Kim: A Retrospective at KCCNY in 2026

Updated Category News Views 6

A Glimpse into Tchah Sup Kim's Legacy Stumble into the world of Tchah Sup Kim (1940–2022) this fall at the Korean Cultural Center New York. Kim's posthumous retrospective, "The Key to a New World," brings together over 130 of his works alongside archival materials, offering a comprehensive dive into a mind that spent decades between New York and Korea. The exhibit,...

Continue Reading
Young Visionaries Win Junior Medals at STARMUS VIII

Updated Category News Views 11

Fresh from the Canary Islands' shores, STARMUS VIII has lifted the veil on two young powerhouses shaping tomorrow—Valeria Corrales and Aneeshwar Kunchala. These two have snagged coveted honors, crowning them as champions of their generation. Igniting Passion for Science and the Environment Valeria Corrales isn't just another face in the crowd; she’s the force behind a...

Continue Reading