SHAREHOLDER ALERT: Bronstein, Gewirtz & Grossman, LLC Announces Investigation of DryShips, Inc. (DRYS)
NEW YORK, May 1, 2017 /PRNewswire/ -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of DryShips, Inc. ("DryShips" or the "Company") (NASDAQ: DRYS). Such investors are encouraged to obtain additional information and assist the investigation by visiting the firm's site: www.bgandg.com/drys.
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 visiting the firm's site: www.bgandg.com/drys. You can also contact Peretz Bronstein or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm's expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.
Contact:
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Hurwitz
212-697-6484 | [email protected]
SOURCE Bronstein, Gewirtz & Grossman, LLC
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