LOS ANGELES -- (Business Wire)
Glancy
Prongay & Murray LLP (“GPM”) reminds investors of the November
13, 2018 deadline to file a lead plaintiff motion in the class
action filed on behalf of investors that purchased OPKO Health, Inc.
(“Opko” or the “Company”) (NASDAQ: OPK) securities
between September 26, 2013 and September 7, 2018, inclusive
(the “Class Period”). Opko investors have until November 13, 2018 to
file a lead plaintiff motion.
If you are a shareholder who suffered a loss, click here to
participate.
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, or more than 18%, to
close at $4.58 on September 7, 2018, thereby injuring investors.
The complaint filed in this class action 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.
Follow us for updates on Twitter: twitter.com/GPM_LLP.
If you purchased shares of OPKO, you may move the Court no later than November
13, 2018 to ask the Court to appoint you as lead plaintiff. To be a
member of the Class you need not take any action at this time; you may
retain counsel of your choice or take no action and remain an absent
member of the Class. If you wish to learn more about this action, or if
you have any questions concerning this announcement or your rights or
interests with respect to these matters, please contact Lesley
Portnoy, Esquire, of GPM, 1925 Century Park East, Suite 2100, Los
Angeles California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by
email to shareholders@glancylaw.com,
or visit our website at www.glancylaw.com.
If you inquire by email please include your mailing address, telephone
number and number of shares purchased.
This press release may be considered Attorney Advertising in some
jurisdictions under the applicable law and ethical rules.
View source version on businesswire.com: https://www.businesswire.com/news/home/20181023006199/en/
Contacts:
Glancy Prongay and Murray LLP, Los Angeles
Lesley Portnoy,
310-201-9150 or 888-773-9224
www.glancylaw.com
shareholders@glancylaw.com
Source: Glancy Prongay & Murray LLP
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