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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.
Globenewswire· 2026-02-20 21:55
SAN DIEGO, Feb. 20, 2026 (GLOBE NEWSWIRE) -- Robbins LLP reminds stockholders that a class action was filed on behalf of all investors who purchased or otherwise acquired Ostin Technology Group Co., Ltd. (NASDAQ: OST) ordinary shares between May 11, 2025 and June 26, 2025. OST purports to be a manufacturer of thin-film transistor liquid crystal display ("TFT-LCD") modules and polarizers used in consumer electronics, commercial LCD displays, and automotive displays. For more information, submit a form, email ...
Portnoy Law Firm Announces Class Action on Behalf of Ostin Technology Group Co., Ltd. Investors
Globenewswire· 2026-02-20 16:55
LOS ANGELES, Feb. 20, 2026 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises Ostin Technology Group Co., Ltd., (“Ostin” or the "Company") (NASDAQ: OST) investors off a class action on behalf of investors that bought securities between May 11, 2025 and June 26, 2025, inclusive (the “Class Period”). Ostin investors have until April 217, 2026 to file a lead plaintiff motion. Investors are encouraged to contact attorney Lesley F. Portnoy, by phone 844-767-8529 or email: lesley@portnoylaw.com, to discuss their le ...
OST Investor Notice: Shareholder Rights Law Firm Robbins LLP Reminds Investors of the Class Action Lawsuit Against Ostin Technology Group Co., Ltd.
Prnewswire· 2026-02-18 21:47
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]. Allegations - The lawsuit alleges that from April 2025, OST's co-CEO Lai Kui Sen and co-conspirators orchestrated a fraudulent sequence of securities offerings, placing the majority of OST shares in the hands of at least fifteen co-conspirators for minimal or no cost [1]. - The U.S. Department of Justice unsealed a criminal indictment on September 12, 2025, charging Lai Kui Sen and financial advisor Yan Zhao with conspiracy to commit securities fraud and wire fraud, with the scheme netting over $110 million in illicit proceeds [1]. - The fraudulent promotional campaign inflated OST's market capitalization 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) [1]. Financial Impact - On June 26, 2025, OST investors faced devastating losses, with over $950 million (more than 94%) of OST's market capitalization wiped out in a single day as the stock price plummeted from an intraday high of $9.40 to a closing price of $0.55 [1].