Ostin(US:OST) Globenewswire·2026-02-20 16:55Core Viewpoint - Ostin Technology Group Co., Ltd. is facing a class action lawsuit due to allegations of fraudulent activities during a specific class period, which has significantly impacted its stock price and investor confidence [1][4][5]. Group 1: Class Action Details - The class action lawsuit is on behalf of investors who purchased Ostin securities between May 11, 2025, and June 26, 2025, with a deadline for filing a lead plaintiff motion set for April 217, 2026 [1]. - The lawsuit claims that Ostin's executives engaged in a fraudulent scheme to manipulate the stock price and trading volume through misleading statements and coordinated sell-offs [4][5]. Group 2: Allegations of Fraud - The lawsuit alleges that starting in April 2025, a fraudulent sequence of securities offerings was orchestrated to transfer the majority of Ostin shares to at least 15 co-conspirators at significantly undervalued prices [4]. - It is claimed that these offerings were part of a broader scheme to artificially inflate the stock price through deceptive marketing tactics, including impersonating financial professionals [4]. Group 3: Impact on Stock Price - On June 26, 2025, a coordinated sell-off led to a dramatic decline in Ostin's stock price, which fell by more than 94% in a single trading session [5]. Group 4: Company Overview - Ostin Technology specializes in designing, developing, and manufacturing thin-film transistor liquid crystal display (TFT-LCD) modules and polarizers [3].