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OHI.US
id: 535, Created by Stan Vick Chase, Scout
In re Omega Healthcare Investors, Inc. Securities Litigation
Pending settlement
08 February 2017
Class period Start31 October 2017
Class period End24 March 2023
Claim deadlineOmega Healthcare Investors, Inc. (OHI) agreed to pay up to $30.75 million to settle a securities class action lawsuit to avoid further litigation.
The Complaint alleged that the Company and its Leaders failed to disclose:
- that financial and operating results of certain of the Company’s operators were deteriorating;
- that, as a result, certain of the Company’s operators were experiencing worsening liquidity issues that were significantly impacting the operators’ ability to make timely rent payments;
- that, as a result, certain of the Company’s direct financing leases were impaired and certain receivables were uncollectible.
Alleged Offence
Other
Suspected Party
Other
Security Type
Unit (ETF, ETN, Unit)
Trade Direction
Long
Case number
17-CV-08983
Filing date
16 November 2017
Lead plaintiff
Earl Holtzman
Attorney
The Rosen Law Firm, P.A. (Jenkintown, PA)
Defendants
C. Taylor Pickett, Robert O. Stephenson, Daniel J. Booth
Court
Southern District of New York
Judge
Hon. Naomi Reice Buchwald
Administrator
Strategic Claims Services
Court hearing date
25 April 2023
Exclusion deadline
28 March 2023
Objection deadline
28 March 2023
+$30,750,000
Total Settlement Amount