A lawsuit was filed on behalf of investors in Omega Protein Corporation (NYSE:OME) shares over alleged securities laws violations. Deadline: May 1, 2017. NYSE:OME investors should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 03/21/2017 -- An investor, who purchased shares of Omega Protein Corporation (NYSE:OME), filed a lawsuit in New York against Omega Protein Corporation over alleged violations of Federal Securities Laws.
Investors who purchased shares of Omega Protein Corporation (NYSE:OME) have certain options and for certain investors are short and strict deadlines running. Deadline: May 1, 2017. NYSE:OME investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call 858-779-1554.
On March 1, 2017, Omega Protein Corporation disclosed that in December 2016 it had received a subpoena from the Securities and Exchange Commission ("SEC") seeking information in connection with an investigation of an Omega Protein Corporation subsidiary's compliance with its probation terms and the Company's protection of whistleblower employees. Shares of Omega Protein Corporation (NYSE:OME) declined from $26.40 per share on March 1, 2017, to as low as $18.35 per share on March 3, 2017.
The plaintiff claims that the Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company's business, operations, and prospects, including: that Omega Protein's subsidiary was potentially not in compliance with its probation terms, that the Company was not properly protecting whistleblower employees, that, as a result of the foregoing, the Company was vulnerable to an SEC investigation and potential civil and criminal liability, and that, as a result of the foregoing, Defendants' statements about Omega Protein's business, operations, and prospects, were false and misleading and/or lacked a reasonable basis.
On March 20 2017, NYSE:OME shares closed at $19.80 per share.
Those who purchased shares of Omega Protein Corporation have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com