Deadline Alert: The Law Offices of Howard G. Smith Reminds Investors of Looming Deadline in the Class Action Lawsuit Against OPKO Health, Inc.

Oct 26, 2018 05:14 pm
BENSALEM, Pa. -- 

Law Offices of Howard G. Smith 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.

Investors suffering losses on their OPKO investments are encouraged to contact the Law Offices of Howard G. Smith to discuss their legal rights in this class action at 888-638-4847 or by email to [email protected].

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.

If you purchased shares of OPKO during the Class Period you may move the Court no later than November 13, 2018 to ask the Court to appoint you as lead plaintiff if you meet certain legal requirements. 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 Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to [email protected], or visit our website at http://www.howardsmithlaw.com.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

Law Offices of Howard G. Smith
Howard G. Smith, Esquire
215-638-4847
888-638-4847
[email protected]
www.howardsmithlaw.com