LOS ANGELES, CA / ACCESSWIRE / September 14, 2018 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of OPKO Health, Inc. (''OPKO'' or ''the Company'') (NASDAQ: OPK) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.
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The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. The SEC filed a lawsuit against OPKO, its CEO and Chairman Phillip Frost, and others on September 7, 2018, alleging violations of the federal securities laws. According to the complaint, the Company and other defendants participated in ''highly profitable 'pump-and-dump' schemes . . . from 2013 through 2018,'' which ''while enriching Defendants by millions of dollars, left retail investors holding virtually worthless shares.'' Based on this news, OPKO's share price fell more than 18% the same day, before trading was halted.
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The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
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SOURCE: The Schall Law Firm