Class Action Reminder for Ostin Technology Group Shareholders
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1 hour ago
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Source: PRnewswire
- Class Action Initiated: Robbins LLP reminds all investors who purchased Ostin Technology Group (NASDAQ:OST) ordinary shares between May 11 and June 26, 2025, that a class action has been filed to recover losses due to alleged fraud.
- Fraud Allegations Details: The indictment charges OST's co-CEO Lai Kui Sen and financial advisor Yan Zhao with conspiracy to commit securities fraud, involving over $110 million in illicit proceeds, indicating severe governance risks within the company.
- Stock Price Volatility: OST's market capitalization surged from approximately $22 million with a stock price of $0.78 on April 14, 2025, to over $1 billion at a peak of $9.40 on June 26, 2025, before plummeting 94% in a single day, resulting in over $950 million in losses, reflecting a collapse of market trust.
- Investor Rights Protection: Shareholders wishing to serve as lead plaintiffs in the class action must submit their papers by April 17, 2026, with Robbins LLP ensuring no fees are charged, thereby safeguarding shareholder rights throughout the legal process.
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.
