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Investor Class Action Filed Against OPKO Health, Inc. for Securities Fraud Violations
Company Name: OPKO Health, Inc.
Court: United States District Court for the Southern District of Florida
Case Number: 18-cv-23786
Judge: The Hon. Jose E. Martinez
Class period: Between September 26, 2013 through September 7, 2018
Security Type: Common Stock

Case Background:

On September 14, 2018, the initial complaint in this securities class action was filed against OPKO Health, Inc. (“OPKO” or the “Company”), and certain of OPKO’s directors and officers, asserting violations of sections 10(b) and 20(a) of the Securities Exchange Act.  

The complaint alleged that the defendants made false and/or misleading statements and/or failed to disclose that: (1) OPKO and its Chairman and Chief Executive Officer were engaged in a pump-and-dump scheme with several other individuals and companies in their investments in several penny stocks; (2) this illicit scheme would result in governmental scrutiny including from the SEC; and (3) as a result, the defendants’ statements about OPKO’s business, operations and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times.

This securities class action lawsuit was brought on behalf of all persons or entities that purchased or otherwise acquired OPKO common stock during the period from September 26, 2013 through September 7, 2018, inclusive.

Current Status of Case:

On May 29, 2020, the parties informed the Court that they had reached a settlement in principle to settle this action for $16,500,000.  On June 29, 2020, the parties entered into a Stipulation and Agreement of Settlement.  The Court preliminarily approved the settlement on September 4, 2020.  A motion for final approval of the settlement was filed by the lead plaintiff on November 10, 2011. This motion is currently pending before the Court.

You may find additional information regarding the terms of the settlement and claim filing process at https://www.opkohealthsecuritieslitigation.com, or by calling JND Legal Administration at 888.383.0345.

CONTACT:
Kessler Topaz Meltzer & Check, LLP
James Maro, Esq. or Adrienne Bell, Esq.
280 King of Prussia Road
Radnor, PA 19087 1-844-887-9500 (toll free) or 1-610-667-7706
Or by e-mail at info@ktmc.com

Please complete this form relating to your transactions for OPKO Health, Inc. (Nasdaq:  OPK) securities from September 26, 2013 through September 7, 2018, both dates inclusive (the "Class Period").

You may also contact James Maro, Jr., Esq. or Adrienne Bell, Esq. at 610.667.7706 or toll free at 844.887.9500, or you may submit your information via email at info@ktmc.com, or you may click here to print a PDF of this form.

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# of Shares
Price per Share
 
 
 
Principal Amount
Amount Paid
Series or CUSIP
 
 
 
# of Contracts
Price per Contract
Exercise Price
Expiration Date
Did you purchase shares of OPKO Health, Inc. (2018) prior to the Class Period?
Are you a current or former employee of OPKO Health, Inc. (2018)?
The submission of this form does not create an attorney-client relationship, nor an obligation on the part of Kessler Topaz or you to file a lead plaintiff motion in this matter. Any information you submit will be maintained as confidential. If Kessler Topaz, in its sole discretion, believes that you might be an appropriate lead plaintiff candidate, Kessler Topaz will contact you to discuss the matter and whether to establish an attorney client relationship. By signing this form you are authorizing us to contact you regarding this case and/or future cases.
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