Ostin(US:OST) Globenewswire·2026-02-26 18:17Core Viewpoint - A class action lawsuit has been filed against Ostin Technology Group Co., Ltd. for allegedly making materially false and misleading statements during the Class Period, leading to significant investor losses [1][2]. Group 1: Lawsuit Details - The lawsuit includes all individuals and entities that purchased Ostin shares between May 11, 2025, and June 26, 2025 [1]. - Investors have until April 17, 2026, to seek appointments as lead plaintiff [1][6]. - The complaint alleges that the defendants engaged in unlawful conduct in violation of federal securities laws [2]. Group 2: Allegations and Impact - The lawsuit claims that certain defendants, including members of a criminal syndicate, orchestrated a "pump-and-dump" scheme involving OST securities [6]. - The alleged scheme required active participation and cooperation from the company's management [6]. - Investors are estimated to have suffered losses exceeding $950 million as a result of the alleged misconduct [6].