SAN DIEGO--(BUSINESS WIRE)--Haeggquist & Eck, LLP a shareholder rights litigation firm, is investigating potential corporate misconduct at Omega Protein Corporation (NYSE: OME) (“Omega Protein” or the “Company”), a nutritional product company. Omega Protein has been named as a defendant in a securities class action in the U.S. District Court for the Southern District of New York for the failure to disclose that the Company’s subsidiary, Omega Protein, Inc., was allegedly not in compliance with the terms of a June 2013 plea agreement with the United States Attorney’s Office for the Eastern District of Virginia (the “Agreement”) relating to certain fishing operations. On March 1, 2017, Omega Protein reported receipt of a subpoena from the Securities and Exchange Commission (the “SEC”) concerning an investigation of compliance with the Agreement, noting the possible “material adverse effect” of the SEC matter on the Company’s business and financial condition. On this news, Omega Protein’s stock fell $6.25 per share, or approximately 24%, to close at $20.00 per share on March 2, 2017.
Omega Protein Shareholders Have Legal Options
Concerned Omega Protein shareholders who would like more information about their rights and potential remedies, including remedies to the Company from the alleged misconduct of its executives and/or directors, may contact attorneys Amber Eck or Kathleen Herkenhoff at 619-342-8000, firstname.lastname@example.org or email@example.com.
Haeggquist & Eck, LLP is a nationally recognized leader in shareholder rights law. The firm represents individual investors in shareholder derivative lawsuits, and members of the firm have helped shareholders recover more than $1 billion of value for themselves and the companies in which they have invested.
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