September 12th Deadline Alert: The Law Offices of Howard G. Smith Reminds Investors of Looming Deadline in the Class Action Lawsuit Against DryShips Inc.

Law Offices of Howard G. Smith reminds investors of the September 11, 2017 deadline to file a lead plaintiff motion in the class action filed on behalf of investors who DryShips Inc. (“DryShips” or the “Company”) (NASDAQ: DRYS) securities between June 8, 2016 and July 14, 2017, inclusive (the “Class Period”). Investors who purchased DryShips have until September 12, 2017 to file a lead plaintiff motion.

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 Investments, Ltd. (“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 if you meet certain legal requirements. 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 http://www.howardsmithlaw.com.

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