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The Pawar Law Group announces a class action lawsuit on behalf of DryShips Inc. (DRYS) investors who purchased DryShips stock between June 8, 2016 and July 12, 2017, inclusive (the “Class Period”). The suit is for recovery of investor losses.
No class has been certified in the above action yet. Until certification occurs, you are not represented by an attorney. You may choose to take no action and remain a passive class member.
According to the complaint defendants during the Class Period made false and misleading statements and/or failed to disclose that: (1) 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. When the true details entered the market, the lawsuit claims that investors suffered damages.
If you wish to serve as lead plaintiff, you must move the Court no later than September 12, 2017. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. You may join the case here: http://pawarlawgroup.com/cases/dryships/ or email Vik Pawar, Esq. at email@example.com
Vik Pawar, Esq.
Pawar Law Group
20 Vesey Street, Suite 1210
New York, NY 10007
Tel: (212) 571-0805
Fax: (212) 571-0938