An investigation on behalf of current long term investors in Omega Healthcare Investors Inc (NYSE:OHI) shares over possible breaches of fiduciary duty by certain officers and directors was announced.
San Diego, CA -- (SBWIRE) -- 09/28/2018 -- An investigation was announced over potential breaches of fiduciary duties by certain directors and officers of Omega Healthcare Investors Inc.
Investors who are current long term investors in Omega Healthcare Investors Inc (NYSE:OHI) shares, have certain options and should contact the Shareholders Foundation at firstname.lastname@example.org or call +1(858) 779 - 1554.
The investigation by a law firm for current long term investors in NYSE:OHI stocks follows a lawsuit filed against Omega Healthcare Investors Inc over alleged securities laws violations. The investigation on behalf of current long term investors in NYSE:OHI stocks, concerns whether certain Omega Healthcare Investors directors are liable in connection with the allegations made in that lawsuit.
The plaintiff alleges that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between February 8, 2017, and October 31, 2017, the Defendants made materially false and/or misleading statements, and failed to disclose material adverse facts about the Company's business, operations, and prospects. Specifically, Defendants 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, and that, as a result of the foregoing, Defendants' statements about Omega's business, operations, and prospects, were materially false and/or misleading and/or lacked a reasonable basis.
Those who purchased shares of Omega Healthcare Investors Inc (NYSE:OHI) have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
3111 Camino Del Rio North - Suite 423
92108 San Diego
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
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