To join this class action, please complete the following Investor Certification. [contact-form-7 id=”896″ title=”OPKO Health, Inc. Investor Certification”]
Oklahoma City, OK (September 18, 2018) – On September 12, 2018, a securities class action lawsuit was filed in the United States District Court for the District of New Jersey against OPKO Health, Inc. (NASDAQ: OPK). The complaint alleges violations of federal securities laws, Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5, including allegations of issuing a series of material or false misrepresentations to the market which had the effect of artificially inflating the market price during the Class Period, which is September 23, 2013 through September 7, 2018. More specifically, this litigation was filed because defendants made false and/or misleading statements and/or failed to disclose that: (1) OPKO and its Chairman and Chief Executive Officer, Phillip Frost, were engaged in a pump-and-dump scheme with several other individuals and companies in their investments in several penny stocks; (2) this illicit scheme would result in governmental scrutiny including from the SEC; and (3) as a result, defendants’ statements about OPKO’s business, operations and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times.
On September 7, 2018, the U.S. Securities and Exchange Commission (“SEC”) filed a lawsuit against OPKO and its CEO and Chairman Phillip Frost, alleging that OPKO and Frost engaged in pump-and-dump schemes. On this news, OPKO’s share price fell $1.01 per share to close at $4.58 on September 7, 2018.
Plaintiff seeks to recover damages on behalf of all OPKO Health, Inc. shareholders who purchased common stock during the Class Period and are therefore a member of the Class as described above. You may move the Court no later than Tuesday, November 13, 2018 to serve as a lead plaintiff for the entire Class. However, in order to do so, you must meet certain legal requirements pursuant to the Private Securities Litigation Reform Act of 1995.
If you wish to discuss this action, obtain further information and participate in this or any other securities litigation, or should you have any questions or concerns regarding this notice or preservation of your rights, please contact: Robin Hester at rkh@federmanlaw.com