Haeggquist & Eck, LLP Announces Investigation Concerning Alleged Corporate Misconduct Involving Omega Protein Corp. in Connec...
July 06 2017 - 8:00AM
Business Wire
Haeggquist & Eck, LLP a shareholder rights litigation firm,
is investigating potential corporate misconduct at Omega Protein
Corporation (NYSE: OME) (“Omega Protein” or the “Company”), a
nutritional product company. Omega Protein has been named as a
defendant in a securities class action in the U.S. District Court
for the Southern District of New York for the failure to disclose
that the Company’s subsidiary, Omega Protein, Inc., was allegedly
not in compliance with the terms of a June 2013 plea agreement with
the United States Attorney’s Office for the Eastern District of
Virginia (the “Agreement”) relating to certain fishing operations.
On March 1, 2017, Omega Protein reported receipt of a subpoena from
the Securities and Exchange Commission (the “SEC”) concerning an
investigation of compliance with the Agreement, noting the possible
“material adverse effect” of the SEC matter on the Company’s
business and financial condition. On this news, Omega Protein’s
stock fell $6.25 per share, or approximately 24%, to close at
$20.00 per share on March 2, 2017.
Omega Protein Shareholders Have Legal Options
Concerned Omega Protein shareholders who would like more
information about their rights and potential remedies, including
remedies to the Company from the alleged misconduct of its
executives and/or directors, may contact attorneys Amber Eck or
Kathleen Herkenhoff at 619-342-8000, ambere@haelaw.com or
kathleenh@haelaw.com.
Haeggquist & Eck, LLP is a nationally recognized leader in
shareholder rights law. The firm represents individual investors in
shareholder derivative lawsuits, and members of the firm have
helped shareholders recover more than $1 billion of value for
themselves and the companies in which they have invested.
This release constitutes attorney advertising. Past results do
not guarantee a similar outcome.
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version on businesswire.com: http://www.businesswire.com/news/home/20170706005340/en/
Haeggquist & Eck, LLP619-342-8000Amber L. Eck,
ambere@haelaw.comKathleen Herkenhoff, kathleenh@haelaw.com
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