Ostin(US:OST) TMX Newsfile·2026-02-16 23:27Core Viewpoint - The law firm Morris Kandinov LLP has announced a class action lawsuit against Ostin Technology Group Co., Ltd. for alleged securities fraud during a specific class period, with potential losses exceeding $950 million [1][2]. Group 1: Lawsuit Details - The class action lawsuit, titled Ilay Gordon, et al. v. Ostin Technology Group Co., Ltd., was filed in the Southern District of New York, and it involves allegations against certain officers and directors of the company for violations of the Securities Exchange Act of 1934 [1][3]. - The lawsuit claims that the defendants orchestrated a "pump-and-dump" scheme, which is a fraudulent practice that inflates the price of a stock to sell at a profit, ultimately defrauding investors [2]. Group 2: Investor Participation - Investors who purchased or acquired common stock of Ostin Technology Group between May 11, 2025, and June 26, 2025, can seek appointment as lead plaintiff in the lawsuit, with a deadline set for April 17, 2026 [1][3]. - It is noted that investors are not required to be appointed as lead plaintiffs to participate in any potential recovery from the lawsuit [3].