Investigation Overview
September 4, 2015 (Shareholders Foundation) - An investigation on behalf of investors of Omega Protein Corporation (NYSE:OME) shares over potential securities laws violations by Omega Protein and certain of its directors and officers in connection certain financial statements was announced.
The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Omega Protein Corporation (NYSE:OME) concerning whether a series of statements by Omega Protein regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
Omega Protein Corporation reported that its annual Total Revenue increased from $224.29 million in 2013 to $308.63 million in 2014 while its Net Income decreased from $30.52 million to $18.46 million.
Shares of Omega Protein Corporation (NYSE:OME) grew from $9.11 per share in late 2014 to as high as $18.85 per share on August 19, 2015.