Dryships gearing up for showdown with investors

The charges against Greek bulk carrier Dryships and its management are unfounded, stresses Dryships in a statement. The carrier is preparing for a showdown while at the same time announcing a new reverse stock split.

Photo: Colourbox

There is no substance in the arguments from a group of investors in Dryships, according to the carrier. The investors feel that they were cheated by the Greek dry bulk carrier and have subsequently filed a series of lawsuits.

The lawsuits are unfounded, says the carrier in a statement, after it emerged that three US-based law firms filed a class action lawsuit last weekend against Dryships and its owner, Greek investor George Economou.

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