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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 Start
31 October 2017
Class period End
24 March 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
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
Created by Stan Vick Chase, Scout

Omega Healthcare Investors Inc

Omega is a real estate investment trust that invests in the long-term healthcare industry, primarily in skilled nursing and assisted living facilities. Its portfolio of assets is operated by a dive...

    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