Scott+Scott Attorneys at Law LLP Alerts Investors to the Filing of Securities Class Action Against OPKO Health, Inc. (OPK)
NEW YORK, Sept. 18, 2018 /PRNewswire/ -- Scott+Scott Attorneys at Law LLP ("Scott+Scott"), a national shareholder and consumer rights litigation firm, is notifying investors that a class action lawsuit has been filed against OPKO Health, Inc. ("OPKO" or the "Company") (NASDAQ: OPK) and other defendants, related to alleged violations of federal securities laws. If you purchased OPKO securities between September 26, 2013 through September 7, 2018, you are encouraged to contact a Scott+Scott attorney at (844) 818-6982 for more information.
OPKO is a healthcare company engaged in the diagnostics and pharmaceuticals business in the United States and internationally.
The Complaint alleges that 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 SEC issued a press release entitled "SEC Charges Microcap Fraudsters for Roles in Lucrative Market Manipulation Schemes." The press release stated, in part, that the SEC had "charged a group of 10 individuals and 10 associated entities for their participation in long-running fraudulent schemes that generated over $27 million from unlawful stock sales and caused significant harm to retail investors who were left holding virtually worthless stock." The press release identified both OPKO and Frost as defendants.
Following this news, OPKO's stock price fell $1.01 per share – over 18% – before NASDAQ halted trading.
What You Can Do
If you purchased OPKO securities between September 26, 2013 through September 7, 2018, inclusive, or if you have questions about this notice, please contact attorney Joe Pettigrew at (844) 818-6982, or at [email protected]. The lead plaintiff deadline is November 13, 2018.
About Scott+Scott Attorneys at Law LLP
Scott+Scott has significant experience in prosecuting major securities, antitrust, and employee retirement plan actions throughout the United States. The firm represents pension funds, foundations, individuals, and other entities worldwide with offices in New York, London, Connecticut, California, and Ohio.
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CONTACT:
Joe Pettigrew
Scott+Scott Attorneys at Law LLP
230 Park Ave, 17 Fl, NY, NY 10169-1820
(844) 818-6982
[email protected]
SOURCE Scott+Scott Attorneys at Law LLP
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