The Gross Law Firm notifies investors that a class action has commenced in the United States District Court for the Southern District of New York on behalf of shareholders of Ostin Technology Group Co., Ltd. who purchased ordinary shares between May 11, 2025 and June 26, 2025.
The filed complaint alleges that defendants made materially false and/or misleading statements and/or failed to disclose that: (a) defendants and other select investors were conspiring on the receipt and subsequent sale of OST shares obtained through the registered direct offering and the warrant exchange agreement during a campaign to artificially inflate OST's stock price; and (b) defendants were conspiring to assist co-conspirators with setting up brokerage accounts to eventually dump OST shares obtained as part of the registered direct offering and warrant exchange agreement.
If you wish to choose counsel to represent you and the class, you must apply to be appointed lead plaintiff and be selected by the Court. The lead plaintiff will direct the litigation and participate in important decisions including whether to accept a settlement for the class in the action. The lead plaintiff will be selected from among applicants claiming the largest loss from investment in the respective securities during the class periods. Members of the class will be represented by the lead plaintiff and counsel chosen by the lead plaintiff. No class has yet been certified in the above action. Appointment as Lead Plaintiff is not required to partake in any recovery.
Shareholders have until April 17, 2026 to request that the court appoint them lead plaintiff.
To receive more information, please fill out the form.
