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July 4 (Reuters) - Dryships Inc:
* Dryships inc. Believes that recently filed derivative lawsuit and motion for a temporary restraining order and preliminary injunction to suspend further issuances of common shares below a certain price are without merit
* Dryships Inc - ceo and chairman of co's board Economou have been named as defendants in lawsuit filed in high court of republic of marshall islands
* Lawsuit alleges breaches of fiduciary duty, unjust enrichment, and conflict of interest
* Co and management have reviewed complaint and motion and believe them to be "without merit"
* Dryships - plaintiff seeks temporary restraining order, preliminary injunction to suspend issuances of common shares by co at price below specified by plaintiff Source text for Eikon: Further company coverage: