OMCL INVESTOR ALERT: Law Offices of Howard G. Smith Announces Lead Plaintiff Deadline In The Class Action Lawsuit Against Omn...
15 April 2015 - 12:30AM
Business Wire
Law Offices of Howard G. Smith announces that a class action
lawsuit has been filed in the United States District Court for the
Northern District of California on behalf of a class (the “Class”)
comprising investors who purchased or otherwise acquired Omnicell,
Inc. (“Omnicell” or the “Company”) (Nasdaq: OMCL) shares between
May 2, 2014 and March 2, 2015, inclusive (the “Class Period”).
Investors who acquired Omnicell shares during the Class Period are
encouraged to contact the Law Offices of Howard G. Smith prior to
the May 18, 2015 lead plaintiff deadline to discuss their
rights.
Omnicell provides automation and business information solutions
designed to enable hospitals and long-term healthcare facilities to
acquire, manage, dispense and administer medications and
medical-surgical supplies. The Complaint alleges that defendants
made false and misleading statements or failed to disclose material
adverse facts, including the existence of a “side letter”
arrangement with a Company customer for certain discounts and
Company products that were to be provided at no cost, but which
were not reflected in the final invoices paid by the customer; and,
that the Company lacked adequate internal controls over financial
reporting. On March 2, 2015, the Company announced the need to
delay the filing of its annual report, because of the alleged “side
letter” arrangement described above. Following disclosure of the
above news, Omnicell shares fell $2.14 per share, or more than 6%,
on March 3, 2015.
If you are a member of the Class described above, you may move
the Court no later than May 18, 2015, to serve as lead plaintiff.
To be a member of the Class, you need not take any action at this
time; you may retain counsel of your choice or take no action and
remain an absent member of the Class. If you wish to learn more
about this action, please contact Howard G. Smith, Esquire, of Law
Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem,
Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at
(888) 638-4847, or by email to howardsmith@howardsmithlaw.com, or
visit our website at http://www.howardsmithlaw.com.
This press release may be considered Attorney Advertising in
some jurisdictions under the applicable law and ethical rules.
Law Offices of Howard G. SmithHoward G. Smith,
Esquire215-638-4847888-638-4847
Omnicell (NASDAQ:OMCL)
Historical Stock Chart
From Apr 2024 to May 2024
Omnicell (NASDAQ:OMCL)
Historical Stock Chart
From May 2023 to May 2024