Barrack, Rodos & Bacine Files Securities Class Action Lawsuit Against OPKO Health, Inc.

9/14/2018 - On September 14, 2018, Barrack, Rodos & Bacine filed a securities class action lawsuit on behalf of purchasers of the securities of OPKO Health, Inc. (NASDAQ: OPK) (“OPKO”) from September 26, 2013 through September 7, 2018, inclusive (the “Class Period”).  The complaint was filed in the United States District Court for the Southern District of Florida against OPKO, its Chairman of the Board and Chief Executive Officer, Phillip Frost, its current Chief Financial Officer, and a former Chief Financial Officer.  A copy of the complaint, docketed as Civil Action No. 1:18-cv-23786, is available here.

The Complaint alleges that the defendants made materially false and/or misleading statements and failed to disclose that: (1) OPKO and Frost, its Chairman and CEO, were engaged in a pump-and-dump scheme with several other individuals and companies in their investments in several penny stocks; (2) the illicit scheme allowed OPKO to report revenues from this illegal conduct and would result in governmental scrutiny including a complaint filed by the U.S. Securities and Exchange Commission; and (3) consequently, defendants' statements about OPKO’s business, operations and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times.

If you suffered a loss arising from your investment in OPKO common stock during the Class Period, you have until November 13, 2018, to file a motion with the Court seeking appointment as lead plaintiff.

Please contact Firm attorneys, Mark Rosen at MRosen@barrack.com or Lisa Port at LPort@barrack.com or by telephone at (215) 963-0600, to discuss your rights regarding the appointment of lead plaintiff and for additional information about your interest in this class action.