Class Action Filed Against Ostin Technology Group for Securities Fraud
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1 hour ago
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Source: PRnewswire
- Class Action Initiated: Pomerantz LLP has announced a class action lawsuit against Ostin Technology Group, alleging securities fraud by the company and certain executives, with investors able to apply as Lead Plaintiff by April 17, 2026.
- Severe Losses: The lawsuit claims that since December 2024, Ostin's fraudulent activities have resulted in over $950 million in investor losses, with market capitalization skyrocketing from approximately $22 million to over $1 billion within two months.
- Stock Price Volatility: On June 26, 2025, Ostin's stock plummeted from a peak of $9.40 to $0.55, leading to a staggering loss of over 94% in a single day, equating to more than $950 million in market capitalization wiped out.
- Law Firm Background: Pomerantz LLP is a prominent class action law firm with over 85 years of experience in corporate and securities litigation, dedicated to fighting for the rights of victims of securities fraud and corporate misconduct.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
