OST Class Action Alert: Robbins LLP Reminds Investors of the Lead Plaintiff Deadline in the Securities Fraud Class Action Against Ostin Technology Group Co., Ltd.

Core Viewpoint - A class action lawsuit has been filed against Ostin Technology Group Co., Ltd. (NASDAQ: OST) for allegedly engaging in a pump-and-dump scheme that defrauded investors, resulting in significant financial losses [1][2]. Allegations - The lawsuit alleges that OST's co-CEO Lai Kui Sen and financial advisor Yan Zhao, along with at least fifteen co-conspirators, orchestrated a scheme that generated over $110 million in illicit proceeds through securities fraud and wire fraud [2][3]. - The fraudulent activities began in April 2025, involving a series of manipulated securities offerings that allowed co-conspirators to acquire OST shares at extremely low prices, often for no consideration [3][4]. Market Impact - During the class period, OST's market capitalization inflated from approximately $22 million (stock price of $0.78 on April 14, 2025) to over $1 billion (peak stock price of $9.40 on June 26, 2025) due to the fraudulent promotional campaign [4]. - On June 26, 2025, a selloff led to a catastrophic loss of over $950 million, representing more than 94% of OST's market capitalization, with the stock price plummeting from an intraday high of $9.40 to a closing price of $0.55 [5]. Legal Proceedings - Shareholders interested in participating in the class action must submit their papers by April 17, 2026, to serve as lead plaintiff, representing other class members in the litigation [6]. - The law firm Robbins LLP, known for its focus on shareholder rights litigation, is handling the case on a contingency fee basis, meaning shareholders incur no fees or expenses [7].