PHILADELPHIA, Sept. 14, 2018 (GLOBE NEWSWIRE) -- Barrack, Rodos & Bacine has filed a securities class action lawsuit on behalf of purchasers of the securities of OPKO Health, Inc. (NASDAQ: OPK) (“OPKO”) from September 26, 2013 through September 7, 2018, inclusive (the “Class Period”). The complaint was filed in the United States District Court for the Southern District of Florida against OPKO, its Chairman of the Board and Chief Executive Officer, Phillip Frost, its current Chief Financial Officer, and a former Chief Financial Officer. A copy of the complaint, docketed as Civil Action No. 1:18-cv-23786, is available at: www.barrack.com/newsroom/recent-news.

The Complaint alleges that the defendants made materially false and/or misleading statements and failed to disclose that: (1) OPKO and its Chairman and CEO, Frost, were engaged in a pump-and-dump scheme with several other individuals and companies in their investments in several penny stocks; (2) the illicit scheme allowed the Company to report revenues from this illegal conduct and would result in governmental scrutiny including a complaint filed by the U.S. Securities and Exchange Commission; and (3) consequently, defendants' statements about OPKO’s business, operations and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times.

If you suffered a loss arising from your investment in OPKO common stock during the Class Period, you have until November 13, 2018, to file a motion with the Court seeking appointment as lead plaintiff.

Please contact Mark Rosen, Esquire, or Lisa Port, Esquire, by email at MRosen@barrack.com or LPort@barrack.com or by telephone at (215) 963-0600, to discuss your rights regarding the appointment of lead plaintiff and for additional information about your interest in this class action.

Barrack, Rodos & Bacine is an experienced securities litigation firm with offices in Philadelphia, PA, New York City, NY, and San Diego, CA. During its 40 years serving institutional investors and public pension fiduciaries, BR&B has recovered over twelve billion dollars on behalf of victims of corporate fraud. Prior results do not guarantee similar outcomes.

Contact:Barrack, Rodos & BacineMark Rosen, Esq. MRosen@barrack.com (215) 963-0600

Source: Barrack, Rodos & Bacine