Scott+Scott, Attorneys at Law, LLP Announces Investigation of Odyssey Marine Exploration Inc. (OMEX)
April 09 2015 - 4:12PM
Business Wire
Scott+Scott, Attorneys at Law, LLP (“Scott+Scott”), a national
shareholder and consumer rights litigation firm, announces the
commencement of an investigation into Odyssey Marine Exploration
Inc. (NASDAQ:OMEX) (“OMEX”) related to potential violations of
federal securities laws. If you are an OMEX shareholder, you are
encouraged to contact Scott+Scott for additional information.
OMEX (NASDAQ:OMEX) specializes in shipwreck search and recovery.
OMEX focuses on deep ocean shipwrecks and conducts salvage
operations, cargo recovery services, and archaeological artifact
finds.
On October 31, 2013, Meson Capital Partners published an
investigative report stating that OMEX co-founders “Greg Stemm and
John Morris’s previous shipwreck hunting company Seahawk... was
sued by the SEC.” The report also stated that “OMEX presents $179
million of off balance sheet value in their investments in offshore
mining businesses... despite the fact the investments are carried
on the [OMEX’s] balance sheet at $0.” On this news OMEX shares
dropped over 23%, from $2.84 to 2.16 per share.
What You Can Do
If you are an OMEX shareholder and you wish to discuss this
investigation, or have questions about this notice or your legal
rights, please contact attorney Joseph Halloran at (800) 404-7770
or (646) 582-0121 or at or jhalloran@scott-scott.com.
About Scott+Scott, Attorneys at Law, LLP
Scott+Scott has significant experience in prosecuting major
securities, antitrust, and employee retirement plan actions
throughout the United States. The firm represents pension funds,
foundations, individuals, and other entities worldwide.
Scott+Scott, Attorneys at Law, LLPJoseph V. Halloran,
646-582-0121jhalloran@scott-scott.com
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