Omnicell, Inc. Shareholder Alert: Former SEC Attorney Willie Briscoe & Powers Taylor Investigate Possible Breaches of Fiducia...
24 March 2015 - 3:40AM
Business Wire
Former United States Securities and Exchange Commission attorney
Willie Briscoe, founder of The Briscoe Law Firm, PLLC, and the
securities litigation firm of Powers Taylor LLP announce that a
federal class action lawsuit has been filed in the United States
District Court for the Northern District of California against
Omnicell, Inc. (“Omnicell”) (NASDAQ: OMCL) and several officers and
directors for acts taken during the period of May 2, 2014 to March
2, 2015 (the “Class Period”).
Based upon the allegations in the class action, the firms are
investigating additional legal claims against the officers and
Board of Directors of Omnicell. If you are an affected Omnicell
shareholder and want to learn more about the lawsuit or join the
action, contact Willie Briscoe at The Briscoe Law Firm, PLLC, via
email at WBriscoe@TheBriscoeLawFirm.com, or Patrick Powers at
Powers Taylor LLP, via email at shareholder@powerstaylor.com, or by
calling toll free at (877) 728-9607. There is no cost or fee to
you.
According to the complaint, the defendants are alleged to have
violated certain provisions of the Securities Exchange Act of 1934.
Specifically, the complaint alleges, among other things, that
defendants failed to disclose the existence of a “side letter”
arrangement with one of its customers for certain discounts and
products that were to be provided at no cost. Omnicell announced on
March 2, 2015 that it would be unable to timely file its Form 10-K
for the year ended December 31, 2014 until it had the opportunity
to investigate the side letter agreement. Omnicell stock dropped
significantly immediately following this announcement.
The Briscoe Law Firm, PLLC is a full service business
litigation, commercial transaction, and public advocacy firm with
more than 20 years of experience in complex litigation and
transactional matters.
Powers Taylor LLP is a boutique litigation law firm that handles
a variety of complex business litigation matters, including claims
of investor and stockholder fraud, shareholder oppression,
shareholder derivative suits, and security class actions.
The Briscoe Law Firm, PLLCWillie
BriscoeWBriscoe@TheBriscoeLawFirm.comorPowers Taylor LLPPatrick
Powers, 877-728-9607shareholder@powerstaylor.com
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