Sign In
OHI.US

Omega Healthcare Investors, Inc. Securities Litigation

Claim deadline for this case already passed by, but we can still try and file for compensation for you
S.D. New York
Court
17-CV-08983
Case number
08 Feb 2017
Class period Start
31 Oct 2017
Class period End
24 Mar 2023
Claim deadline
Omega 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
Filing date
16 November 2017
Plaintiffs
Earl Holtzman
Attorneys
The Rosen Law Firm, P.A. (Jenkintown, PA)
Defendants
C. Taylor Pickett, Robert O. Stephenson, Daniel J. Booth
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
Created by Stan Vick, Scout

Omega Healthcare Investors Inc

Omega is a REIT that invests in the long-term healthcare industry, primarily in skilled nursing and assisted living facilities. Its portfolio of assets is operated by a diverse group of healthcare ...

    Ticker
    OHI.US
    ISIN
    US6819361006
    CIK
    888491
    Sector
    Real Estate
    Industry
    REIT - Healthcare Facilities
    Country
    USA
    Address
    303 International Circle, Hunt Valley, MD, United States, 21030-1394