Overview

Basic information

Litigation

Active legal matters

Material Events

8-K disclosures

SEC Filings

Key regulatory docs

Insider Transactions

Ownership changes

Overview

Basic information

Litigation

Active legal matters

Material Events

8-K disclosures

SEC Filings

Key regulatory docs

Insider Transactions

Ownership changes

OMEGA HEALTHCARE INVESTORS INC (OHI) Class Action Lawsuit (November 2017)

Closed

1:17cv8983 • November 16, 2017

Class Period Start

February 7, 2017

Class Period End

January 29, 2018

PSLRA Deadline

January 15, 2018

Case Allegations

10b5

Statutes of Repose

Feb 7, 2020

Country

United States

Court

Federal Court

Settlement Information

Please note that for cases in the settlement stage, claims are handled by the claims administrator and NOT Levi & Korsinsky. Any information or documentation previously provided to us does not constitute submission of a claim. If you need to file a claim, check the status of a claim, or have questions regarding distribution of settlement funds, please contact the claims administrator below.

Claim Deadline

March 24, 2023

Settlement Fund

$30,750,000

Settlement Status

Disbursed

Settlement Class

All persons or entities that purchased Omega Healthcare Investors, Inc. (“Omega” or “Company”) securities during the period from February 8, 2017, to October 31, 2017, both dates inclusive.

Claim Administrator

Strategic Claims Services
Omega Healthcare Investors, Inc. Securities Litigation c/o Strategic Claims Services P.O. Box 230 600 N. Jackson St., Ste. 205 Media, PA 19063
+1 866-274-4004
[email protected]

Hearing Date

April 25, 2023

Opt-out Deadline

March 28, 2023

Settlement Note

Download here

Proof Of Claim

Download here

Docket History

Dec 1, 2023

Disbursement Approved

The court has approved the distribution of settlement funds to eligible class members. Investors with approved claims may receive payments from the settlement. If you have questions about your claim or payment, contact the claims administrator.

Apr 25, 2023

Final Approval of Settlement

The court has granted final approval of the settlement. Eligible investors who submit valid claims may receive a payment once the claims review and distribution process is completed.

Dec 27, 2022

Proof of Claim Form

To receive your portion of the recovery (if you are eligible), you must submit this form to the claims administrator by the deadline indicated on the form itself. If you do not submit this form in time, you will not be entitled to compensation. If you have questions about how to complete the form, you should contact the claims administrator.

Dec 27, 2022

Preliminary Approval of Settlement

The court has granted preliminary approval of a proposed settlement. This means the settlement can move forward for further consideration, but it has not yet received final approval. Potential class members will generally receive notice explaining the settlement, their rights, and any deadlines for submitting a claim, objecting to the settlement, or choosing not to participate.

Dec 9, 2022

Proposed Settlement

Oct 27, 2022

Class Certification Denied

The court has denied the request to proceed as a class action. This means the case cannot move forward on behalf of the proposed group of investors unless that decision changes or the court later approves a revised request.

Mar 16, 2022

Motion for Class Certification

The plaintiffs have asked the court to approve the lawsuit to proceed as a class action on behalf of a group of investors. The judge will decide whether the case meets the requirements for class certification and which investors and claims may be included.

Dec 16, 2021

Scheduling Order

Sep 28, 2021

Motion to Dismiss Denied

The court has denied the defendants' request to dismiss the lawsuit. The case can now move forward to the next stage of litigation.

Nov 24, 2020

Motion to Dismiss

After reviewing the complaint(s) filed by plaintiffs, defendants have filed a motion requesting that the court dismiss some or all of the plaintiffs' claims. In a motion to dismiss, defendants might challenge the validity of plaintiffs' claims or adequacy of plaintiffs' pleadings. Once a motion to dismiss is filed, the judge will make a decision on whether part or all of the case should be dismissed or the case can proceed as alleged.

Oct 28, 2020

Scheduling Order

Aug 28, 2020

Second Amended Complaint

A new complaint has been filed on behalf of certain investors in OMEGA HEALTHCARE INVESTORS INC. Amended complaints may contain additional facts, parties, allegations, a change in the class definition, etc.

Aug 18, 2020

Scheduling Order

Apr 23, 2019

On Appeal

Mar 25, 2019

Motion to Dismiss Granted

The court has granted the defendants' request to dismiss the lawsuit. Depending on the court's decision, the plaintiffs may be allowed to file an updated complaint or pursue an appeal.

Jul 17, 2018

Motion to Dismiss

After reviewing the complaint(s) filed by plaintiffs, defendants have filed a motion requesting that the court dismiss some or all of the plaintiffs' claims. In a motion to dismiss, defendants might challenge the validity of plaintiffs' claims or adequacy of plaintiffs' pleadings. Once a motion to dismiss is filed, the judge will make a decision on whether part or all of the case should be dismissed or the case can proceed as alleged.

Jul 17, 2018

Motion to Dismiss

After reviewing the complaint(s) filed by plaintiffs, defendants have filed a motion requesting that the court dismiss some or all of the plaintiffs' claims. In a motion to dismiss, defendants might challenge the validity of plaintiffs' claims or adequacy of plaintiffs' pleadings. Once a motion to dismiss is filed, the judge will make a decision on whether part or all of the case should be dismissed or the case can proceed as alleged.

May 25, 2018

First Amended Complaint

A new complaint has been filed on behalf of certain investors in OMEGA HEALTHCARE INVESTORS INC. Amended complaints may contain additional facts, parties, allegations, a change in the class definition, etc.

Apr 9, 2018

Scheduling Order

Mar 27, 2018

Appointment of Lead Plaintiff

The court has appointed a lead plaintiff to represent the interests of investors in the lawsuit. The lead plaintiff works with the attorneys handling the case, helps oversee the litigation, and represents the interests of the proposed class.

Feb 2, 2018

Scheduling Order

Nov 16, 2017

First Filed Complaint

A securities fraud class action complaint has been filed on behalf of certain investors in OMEGA HEALTHCARE INVESTORS INC.

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