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OHI.US

id: 535

Omega Healthcare Investors, Inc. Securities Litigation

The settlement funds have been distributed to claimants.

$30,750,000

Cash Settlement

S.D. New York

Court

17-CV-08983

Case number

02/08/2017

Class period Start

10/31/2017

Class period End

03/24/2023

Claim deadline

Omega Healthcare Investors, Inc. (OHI) agreed to pay up to $30.75 million to settle a securities class action lawsuit to avoid further litigation.

The Complaint alleged that the Company and its Leaders  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.

Case Status

Disbursed

Alleged Offence

Other

Suspected Party

Other

Security Type

Unit (ETF, ETN, Unit)

Trade Direction

Long

Filing date

11/16/2017

Plaintiffs

Earl Holtzman

Attorneys

The Rosen Law Firm, P.A. (Jenkintown, PA)

Defendants

C. Taylor Pickett, Robert O. Stephenson, Daniel J. Booth

Judge

Hon. Naomi Reice Buchwald

Administrator

Strategic Claims Services

Court hearing date

04/25/2023

Exclusion deadline

03/28/2023

Objection deadline

03/28/2023

Trades matching type

FIFO

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