Opko Health, Inc.

Case Details

Class Period:
September 26, 2013 – September 7, 2018
Date Filed:
September 12, 2018
Case Number:
1:18-cv-23786
Jurisdiction:
Southern District of Florida

Case Summary

According to the lawsuit, defendants made false and/or misleading statements and/or failed to disclose that: (1) OPKO and its Chairman and Chief Executive Officer, Phillip Frost, 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, defendants' statements about OPKO's business, operations and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

Action Details

View Complaint (pdf)

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