An investigation for investors in Ocean Rig UDW Inc (NASDAQ:ORIG) shares over potential securities laws violations by Ocean Rig UDW was announced and NASDAQ:ORIG stockholders should contact the Shareholders Foundation

San Diego, CA -- (SBWire) -- 10/26/2015 --An investigation for shareholders in NASDAQ:ORIG shares was announced over potential securities laws violations by Ocean Rig UDW in connection certain financial statements.

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

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Ocean Rig UDW Inc (NASDAQ:ORIG) concerning 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.

Ocean Rig UDW Inc reported that its annual Total Revenue rose from $941.90 million in 2012 to over $1.81 billion in 2014 and that its Net Loss of $132.34 million in 2012 turned into a Net Income of $259.80 million in 2014.

Shares of Ocean Rig UDW Inc (NASDAQ:ORIG) declined from $19.87 per share in June 2014 to as low as $2.02 per share on October 5, 2015.

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 October 22, 2015 at $2.15 per share.

Those who purchased shares of Ocean Rig UDW Inc 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