San Diego, CA -- (SBWIRE) -- 11/18/2015 -- An investigation for shareholders in NASDAQ:ORIG shares over potential securities laws violations by Ocean Rig UDW and certain of its directors and officers was announced.

Investors who purchased shares of Ocean Rig UDW Inc (NASDAQ:ORIG), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm focuses on whether a series of statements by Ocean Rig UDW Inc regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

On October 7, 2015, post-market, Ocean Rig UDW Inc announced a fleet update, reporting in part that: "The [company's drilling ship] Ocean Rig Mylos is in the process of completing its current well in Brazil. On September 25, 2015, [Ocean Rig] received notice of material breach under the contract which entitles our client to terminate the contract if such breach is not remedied within 75 days. We believe that such notice is totally without merit and we intend to vigorously defend our rights under the contract."

Shares of Ocean Rig UDW Inc (NASDAQ:ORIG) closed on November 17, 2015 at $1.96 per share.

Those who purchased shares of Ocean Rig UDW Inc (NASDAQ:ORIG) have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com