LOS ANGELES--(BUSINESS WIRE)--Glancy Prongay & Murray LLP (“GPM”) announces that it has filed a class action lawsuit in the United States District Court for the Southern District of New York on behalf of a class (the “Class”) consisting of persons and entities that purchased or otherwise acquired Omega Protein Corporation (“Omega Protein” or the “Company”) (NYSE: OME) securities between June 4, 2013 and March 1, 2017, inclusive (the “Class Period”).
If you are a member of the Class described above, you may move the Court no later than sixty days from the date of this notice, to serve as lead plaintiff. Please contact Lesley Portnoy at 888-773-9224 or 310-201-9150, or at email@example.com to discuss this matter.
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 shares of Omega Protein during the Class Period you may move the Court no later than sixty days from the date of this notice 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 Glancy Prongay & Murray LLP, 1925 Century Park East, Suite 2100, Los Angeles, California 90067, at (310) 201-9150, by e-mail to firstname.lastname@example.org, or visit our website at www.glancylaw.com.
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