Cases
Omega Protein Corporation (NYSE: OME)
Securities Class Action
Overview
Overview
- Date:
- 3/10/2017
- Company Name:
- Omega Protein Corporation
- Stock Symbol:
- OME
- Class Period:
- FROM 6/4/2013 TO 3/1/2017
- Status:
- Closed/Complete
- Court:
- U.S. District Court: Southern District of New York
NEW YORK, March 10, 2017 – Bragar Eagel & Squire, P.C. announces that a class action lawsuit has been filed in the United States District Court for the Southern District of New York on behalf of all persons or entities who acquired Omega Protein Corporation (NYSE: OME) securities between June 4, 2013 and March 1, 2017 (the “Class Period”).
On our around June 4, 2013, the Company disclosed that it had reached an agreement with the U.S. Attorney’s Office for the Eastern District of Virginia that resolved a pending Environmental Protection Agency and U.S. Coast Guard investigation. According to the terms of the settlement agreement, the Company pleaded guilty to two Clean Water Act violations, paid a fine, and was placed on a three-year term probation. Then, on March 1, 2017, Omega Protein disclosed that in December 2016, it received a subpoena from the SEC requesting information in connection with an investigation relating to a subsidiary’s compliance with its probation terms and the Company’s protection of whistleblower employees.
The Complaint filed in this lawsuit alleges that throughout the Class Period, 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: 1) that Omega Protein’s subsidiary was potentially not in compliance with its probation terms; (2) that the Company was not properly protecting whistleblower employees; (3) that, as a result of the foregoing, the Company was vulnerable to an SEC investigation and potential civil and criminal liability; and (4) 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.
If you purchased or otherwise acquired Omega Protein securities during the Class Period and suffered a loss or continue to hold shares purchased prior to the Class Period, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Melissa A. Fortunato, Esq. by email at investigations@bespc.com, or telephone at (212) 355-4648, or by filling out the contact form below. There is no cost or obligation to you.
On our around June 4, 2013, the Company disclosed that it had reached an agreement with the U.S. Attorney’s Office for the Eastern District of Virginia that resolved a pending Environmental Protection Agency and U.S. Coast Guard investigation. According to the terms of the settlement agreement, the Company pleaded guilty to two Clean Water Act violations, paid a fine, and was placed on a three-year term probation. Then, on March 1, 2017, Omega Protein disclosed that in December 2016, it received a subpoena from the SEC requesting information in connection with an investigation relating to a subsidiary’s compliance with its probation terms and the Company’s protection of whistleblower employees.
The Complaint filed in this lawsuit alleges that throughout the Class Period, 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: 1) that Omega Protein’s subsidiary was potentially not in compliance with its probation terms; (2) that the Company was not properly protecting whistleblower employees; (3) that, as a result of the foregoing, the Company was vulnerable to an SEC investigation and potential civil and criminal liability; and (4) 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.
If you purchased or otherwise acquired Omega Protein securities during the Class Period and suffered a loss or continue to hold shares purchased prior to the Class Period, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Melissa A. Fortunato, Esq. by email at investigations@bespc.com, or telephone at (212) 355-4648, or by filling out the contact form below. There is no cost or obligation to you.