RM LAW Announces Class Action Lawsuit Against Omega Protein Corporation

BERWYN, Pa., March 3, 2017

Omega Protein shareholders may, no later than May 2, 2017, move the Court for appointment as a lead plaintiff of the Class.  If you purchased shares of May 2 and would like to learn more about these claims or if you wish to discuss these matters and have any questions concerning this announcement or your rights, contact Richard A. Maniskas, Esquire toll-free at (844) 291-9299 or to sign up online, visit: www.maniskas.com.  

Omega Protein Corporation develops, produces, and delivers products to enhance the nutritional integrity of foods, dietary supplements, and animal feeds worldwide. 

The Complaint brings forth claims for violations of the Securities Exchange Act of 1934. The Complaint alleges that, throughout the Class Period, Defendants made false and/or misleading statements, as well as failed to disclose material adverse facts about the Company's business, operations, and prospects.

Specifically, Defendants made false and/or misleading statements and/or failed to disclose:  (1) that Omega Protein's subsidiary was potentially not in compliance with its probation terms; (2) that the Company was not properly protecting whistleblower employees; (3) that, as a result of the foregoing, the Company was vulnerable to an SEC investigation and potential civil and criminal liability; and (4) that, as a result of the foregoing, Defendants' statements about Omega Protein's business, operations, and prospects, were false and misleading and/or lacked a reasonable basis.

On March 1, 2017, Omega Protein disclosed that in December 2016, it received a subpoena from the SEC requesting information in connection with an investigation relating to a subsidiary's compliance with its probation terms and the Company's protection of whistleblower employees.  On this news, Omega stock dropped as much as $5.86 per share, or 22.32%, during intraday trading on March 2, 2017.