Nasdaq-listed DryShips has triumphed in a legal battle over share issues.
The George Economou company said an application from a US investor for a temporary restraining order in the Marshall Islands was denied.
Michael Sammons, who owns 45,000 shares in DryShips, had sought to stop the owner issuing new shares to its financial backer Kalani Investments at deep discounts.
He alleged that the company was "intentionally and recklessly" breaching its fiduciary duties.
