NEW YORK, March 10, 2017 (GLOBE NEWSWIRE) -- Wolf Haldenstein Adler Freeman & Herz LLP 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 purchased or otherwise acquired Omega Protein Corporation (NYSE: OME ) shares between June 4, 2013 and March 1, 2017 (the “Class Period”).
Investors who have incurred losses in Omega Protein Corporation shares are urged to contact the firm immediately at classmember@whafh.com or (800) 575-0735 or (212) 545-4774. You may obtain additional information concerning the action on our website, www.whafh.com.
If you have purchased shares of Omega Protein Corporation within the class period and would like to assist with the litigation process, you may, no later than May 1, 2017 , request that the Court appoint you lead plaintiff of the proposed class.
According to the filed complaint, in a series of filings with the U.S. Securities and Exchange Commission ("SEC"), Omega officials attested to the accuracy of the financial reporting, the disclosure of any material changes to the company's internal controls over financial reporting, and the disclosure of all fraud.
It is alleged that Omega officials failed to disclose that the SEC is requesting information in connection with its subsidiary, Omega Protein Inc. ("Omega Inc.") and that this could have a negative effect on Omega. On December 16, 2016, Omega filed a Form 8-K with the SEC announcing that Omega Inc. agreed to plead guilty to two felony counts under the Clean Water Act pursuant to a plea agreement with the United States Attorney's Office for the Western District of Louisiana.
On March 1, 2017, in its Form 10-K for the fiscal year ended December 31, 2016, Omega revealed that in December 2016, it "received a subpoena from the SEC requesting information in connection with an investigation relating to a Company subsidiary's compliance with its probation terms and the Company's protection of whistleblower employees." Omega further disclosed that this could result in a "material adverse effect on the Company's business, reputation, results of operation, and financial condition." On this news, Omega's stock fell $6.25 per share, or approximately 23.81%, from its previous closing price to close at $20.00 per share on March 2, 2017.
Wolf Haldenstein has extensive experience in the prosecution of securities class actions and derivative litigation in state and federal trial and appellate courts across the country. The firm has attorneys in various practice areas; and offices in New York, Chicago and San Diego. The reputation and expertise of this firm in shareholder and other class litigation has been repeatedly recognized by the courts, which have appointed it to major positions in complex securities multi-district and consolidated litigation.
If you wish to discuss this action or have any questions regarding your rights and interests in this case, please immediately contact Wolf Haldenstein by telephone at (800) 575-0735, via e-mail at classmember@whafh.com , or visit our website at www.whafh.com.
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Contact: Wolf Haldenstein Adler Freeman & Herz LLP Kevin Cooper, Esq. Gregory Stone, Director of Case and Financial Analysis Email: gstone@whafh.com, kcooper@whafh.com or classmember@whafh.com Tel: (800) 575-0735 or (212) 545-4774
