Welcome to the Information Website for the Ocean Power Technologies, Inc. Securities Litigation.

If you purchased or otherwise acquired Ocean Power Technologies, Inc. (“OPTT”) securities between January 14, 2014 and July 29, 2014, inclusive, and/or purchased or otherwise acquired OPTT securities pursuant to and/or traceable to OPTT’s April 4, 2014 follow-on stock offering, your legal rights may be affected by this Action.

You can review a copy of the Notice as well as other important documents for the case on the Documents page of this website.

YOUR LEGAL RIGHTS AND OPTIONS IN THIS SETTLEMENT:
SUBMIT PROOF OF CLAIM FORM The only way for an eligible Class Member to get paid. Must be postmarked by October 31, 2016.
OPT OUT OF THE SETTLEMENT If you do not want a payment from this Settlement, but you want to keep the right to sue or continue to sue any of the Defendants on your own about the same legal issues in this case, then you must take steps to get out of the Class. Your request must be postmarked by October 31, 2016.
OBJECT If you are a Class Member, you can object to the Settlement if you do not like any part of it. You must submit your objection to Lead Counsel so it is received no later than October 31, 2016.
GO TO A HEARING The Court will hold a Settlement Hearing at 10:00 a.m. on November 14, 2016. If you would like to speak at the hearing, your notice of intention to appear must be received no later than October 31, 2016 by Lead Counsel.
DO NOTHING If you do nothing, you will get no money from this Settlement.

Important Dates

  • January 14, 2014 through and
    including July 29, 2014

    Common Stock Class Period
  • On or About April 4, 2014
    Follow-On Stock Offering
  • October 31, 2016
    Deadline to Request Exclusion from the Class
  • October 31, 2016
    Deadline to Object
  • October 31, 2016
    Deadline to Submit a Proof of Claim
  • November 14, 2016 at 10:00 a.m. EST
    Settlement Hearing