On or around 09/07/2018 (Other)
Filing Date: March 03, 2017
According to the law firm press release, the lawsuit alleges throughout the Class Period defendants made false and/or misleading statements and/or failed to disclose that: (1) the SEC is requesting information in connection with an investigation relating to Omega’s subsidiary’s compliance with its probation terms and Omega’s protection of whistleblower employees; (2) it is possible that the foregoing matter could result in a material adverse effect on Omega’s business, reputation, results of operation and financial condition; and (3) as a result, Defendants’ statements about Omega’s business, operations and prospects were materially false and misleading and/or lacked a reasonable bases at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.
On May 19, 2017, this case as transferred to the Southern District of New York.
On July 14, 2017, this case was consolidated into lead case 1:17-cv-02448-PKC. A consolidated Complaint was filed on July 18. A second consolidated Complaint was filed on October 27. Defendants filed a Motion to Dismiss the second consolidated Complaint on January 5, 2018. On September 7, the Court issued an Order granting Defendants' Motion to Dismiss.
Company & Securities Information
Defendant: Omega Protein Corporation
Sector: Consumer Non-Cyclical
Industry: Food Processing
Headquarters: United States
Ticker Symbol: OME
Company Market: New York SE
Market Status: Public (Listed)
About the Company & Securities Data
"Company" information provides the industry and sector classification and headquarters state for the primary company-defendant in the litigation. In general, "Securities" information provides the ticker symbol, market, and market status for the underlying securities at issue in the litigation.
In most cases, the primary company-defendant actually issued the securities that are the subject of the litigation, and the securities information and company information relate to the same entity. In a small subset of cases, however, the primary company-defendant is not the issuer (for example, cases against third party brokers/dealers), and the securities information and company information do not relate to the same entity.
First Identified Complaint
Paul Ahern, et al. v. Omega Protein Corporation, et al.