NEW YORK, March 5, 2026 /PRNewswire/ — Pomerantz LLP announces that a class action lawsuit has been filed against Ostin Technology Group Co., Ltd. (“Ostin” or the “Company”) (NASDAQ: OST). Such investors are advised to contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980, (or 888.4-POMLAW), toll-free, Ext. 7980. Those who inquire by e-mail are encouraged to include their mailing address, telephone number, and the number of shares purchased.
The class action concerns whether Ostin and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
You have until April 17, 2026, to ask the Court to appoint you as Lead Plaintiff for the class if you purchased or otherwise acquired Ostin securities during the Class Period. A copy of the Complaint can be obtained at www.pomerantzlaw.com.
[Click here for information about joining the class action]
A complaint has been filed alleging that, from at least on or around December 2024, and continuing throughout the Class Period, the Defendants and their co-conspirators engaged in a multifaceted securities fraud scheme involving Ostin which resulted in significant investor losses exceeding $950 million in market capitalization. In a period of roughly two months, the fraudulent promotional campaign artificially inflated the value of Ostin from an approximately $22 million company (based on a stock price of $0.78 on April 14, 2025) into a greater than $1 billion company by market capitalization (based on a peak stock price of $9.40 on June 26, 2025).
On June 26, 2025, Ostin investors suffered devastating losses when the selloff destroyed over $950 million (representing over 94%) of Ostin’s market capitalization in a single day, as the stock plummeted from an intraday high of $9.40 to a closing price of $0.55.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.
Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
Danielle Peyton
Pomerantz LLP
dpeyton@pomlaw.com
646-581-9980 ext. 7980
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SOURCE Pomerantz LLP
