Core Viewpoint - A class action lawsuit has been filed against Ostin Technology Group Co., Ltd. for alleged securities fraud, resulting in significant investor losses exceeding $950 million in market capitalization [1]. Group 1: Lawsuit Details - The class action lawsuit concerns whether Ostin and certain officers and/or directors engaged in unlawful business practices [1]. - Investors have until April 17, 2026, to request to be appointed as Lead Plaintiff if they purchased Ostin securities during the Class Period [1]. Group 2: Allegations and Financial Impact - The complaint alleges that from around December 2024, Ostin and its co-conspirators engaged in a securities fraud scheme that inflated the company's market capitalization from approximately $22 million to over $1 billion [1]. - On June 26, 2025, Ostin investors faced substantial losses as the stock price fell from an intraday high of $9.40 to a closing price of $0.55, resulting in a loss of over 94% of the company's market capitalization in a single day [1].
INVESTOR ALERT: Pomerantz Law Firm Reminds Investors with Losses on their Investment in Ostin Technology Group Co., Ltd. of Class Action Lawsuit and Upcoming Deadlines - OST