Two investors who are suing DryShips’ George Economou for alleged securities fraud have found the tables turned, and now may owe the Greek shipowner money.
Rulings last month in the US District Court for the Western District of Texas have not been kind to plaintiff Michael Sammons and wife Elena, while far more favourable to defendants Economou and DryShips.
The lawsuit in San Antonio parallels a shareholder class action against the same defendants in the US District Court for the Eastern District of New York over stock sales through financial firm Kalani Investments.
