OHI.US
id: 535
Omega Healthcare Investors, Inc. Securities Litigation
S.D. New York
Court17-CV-08983
Case number08 Feb 2017
Class period Start31 Oct 2017
Class period End24 Mar 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.
Case Status
Disbursed
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
Trades matching type
FIFO
+$30,750,000
Cash Settlement Amount