HAGENS BERMAN

Lead Plaintiff Deadline: December 27, 2011

Hagens Berman Sobol Shapiro LLP is investigating OmniVision (Nasdaq: OVTI) following the revelation that management sold over $12 million in OVTI stock at a time when it was experiencing production delays and the company was losing its exclusive contract with Apple (Nasdaq: AAPL) to provide imaging sensors for the Apple iPhone.

A class-action lawsuit on behalf of investors has been filed in the United States District Court for the Northern District of California.

Institutional investors and others who purchased OmniVision stock between August 27, 2010, and October 13, 2011, (the “class period”) and have suffered losses greater than $100,000 are encouraged to contact the firm. Hagens Berman partner Reed R. Kathrein, who manages the firm’s Berkeley, California office is leading the firm’s investigation. He can be reached at (510) 725-3000 or via email at OVTI@hbsslaw.com.

The deadline to move the court for lead plaintiff in the class-action lawsuit filed on behalf of investors is December 27, 2011.

OmniVision produces image sensors that are commonly used in digital cameras. The company was the exclusive provider of camera sensors for both the third and fourth generation of iPhones, according to the filed lawsuit.

On August 25, 2011, the company announced financial results for the first fiscal quarter of 2012 that reflected revenues below analyst expectations. The lawsuit alleges that analysts theorized that OmniVision had lost its exclusive contract with Apple and would not be the sole provider of image sensors in the iPhone 4S. Following the release of OmniVision’s financial results, the stock price dropped by $7.55 to $17.27, a loss of more than 30 percent.

On October 14, 2011, the iPhone 4S was released and, according to the complaint, experts determined that Sony had produced the sensor inside, not OmniVision. The company’s stock price fell 9 percent on the news.

“We are trying to determine when OmniVision discovered its production problems and learned it would not be providing the imaging sensors in the iPhone 4S,” said Mr. Kathrein. “If the company knew of these problems when management was dumping stock, it was obligated to report the news to investors.”

Persons with knowledge that may help the investigation are encouraged to contact the firm. The SEC recently finalized new rules as part of its implementation of the whistleblower provisions in the Dodd-Frank Wall Street Reform Bill. The new rules protect whistleblowers from employer retaliation and allow the SEC to reward those who provide information leading to a successful enforcement with up to 30 percent of the recovery.