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Robbins Arroyo LLP: Omega Healthcare Investors, Inc. (OHI) Misled Shareholders According to a Recently Filed Shareholder Lawsuit

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Shareholder rights law firm Robbins
Arroyo LLP
announces that purchasers of Omega Healthcare Investors,
Inc. (NYSE:OHI) have filed a complaint against the company's officers
and directors for alleged breaches of fiduciary duties, abuse of
control, gross mismanagement, and violations of the Securities Exchange
Act of 1934. Omega is a real estate investment trust that invests in the
long-term healthcare industry, primarily in skilled nursing and assisted
living facilities.

View this information on the law firm's Shareholder Rights Blog: https://www.robbinsarroyo.com/omega-healthcare-investors-inc-aug-2018

Omega Accused of Misleading Investors About Its Financial Condition

According to the complaint, Omega's second largest operator, Orianna
Health Systems, represented 7% of Omega's overall investment portfolio,
with a gross investment of over $619 million. In 2016 and early 2017,
Orianna experienced operational pressures that dramatically affected its
profitability and prevented it from paying rent to Omega. Although
Orianna was delinquent on rent payments in addition to its own real
estate taxes, Omega told investors that Orianna was on the road to
recovery and lent Orianna money to pay its rent delinquencies to Omega.
The truth was finally revealed when Omega recorded a $194.7 million
impairment on its direct financing leases with Orianna, and $9.5 million
in provision for uncollectible accounts related to Orianna. On this
news, Omega's stock fell nearly 7% to close at $28.86 per share on
October 31, 2017.

Omega Shareholders Have Legal Options

Concerned shareholders who would like more information about their
rights and potential remedies can contact attorney Leonid Kandinov at
(800) 350-6003, LKandinov@robbinsarroyo.com,
or via the shareholder
information form
on the firm's website.

Robbins Arroyo LLP is a nationally recognized leader in shareholder
rights law. The firm represents individual and institutional investors
in shareholder derivative and securities class action lawsuits, and has
helped its clients realize more than $1 billion of value for themselves
and the companies in which they have invested. Robbins Arroyo LLP
provides a FREE investment portfolio monitoring service, Stock
Watch
.

Attorney Advertising. Past results do not guarantee a similar outcome.

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