NEW YORK, March 20, 2015 /PRNewswire/ -- Faruqi &
Faruqi, LLP, a leading national securities law firm, is
investigating potential securities fraud at Omnicell, Inc.
("Omnicell" or the "Company") (NasdaqGS: OMCL).
The investigation focuses on whether the Company and its
executives violated federal securities laws by failing to disclose
that (1) a "side letter" arrangement existed between Omnicell and a
key customer for certain discounts and Company products that were
provided at no cost, but which were not reflected in final invoices
paid by the customer; and (2) the Company lacked adequate internal
controls over its financial reporting.
After market close on March 2,
2015, Omnicell disclosed that it would be unable to file its
Annual Report Form 10-K the year ended December 31, 2014 as "additional time is required
by the Company to investigate a notice received on February 27, 2015 from a Company employee
alleging, among other things, the existence of a 'side letter'
agreement 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."
On this unexpected news, Omnicell shares dropped by over 6% to
close at $33.08 per share on
March 3, 2015.
Request more information now by clicking here:
www.faruqilaw.com/OMCL. There is no cost or obligation to
you.
Take Action
If you invested in Omnicell stock or options between
May 2, 2014 and March 2, 2015 and would like to discuss your
legal rights, please visit www.faruqilaw.com/OMCL. You can also
contact us by calling Richard
Gonnello toll free at 877-247-4292 or at 212-983-9330 or by
sending an e-mail to rgonnello@faruqilaw.com. Faruqi &
Faruqi, LLP also encourages anyone with information regarding
Omnicell's conduct to contact the firm, including whistleblowers,
former employees, shareholders and others.
Faruqi & Faruqi, LLP is a national law firm which represents
investors and individuals in class action litigation. The firm is
focused on providing exemplary legal services in complex litigation
in the areas of securities, shareholder, antitrust and consumer
litigation, throughout all phases of litigation. The firm has
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FARUQI & FARUQI, LLP
369 Lexington Avenue, 10th Floor
New York, NY 10017
Attn: Richard Gonnello,
Esq.
rgonnello@faruqilaw.com
Telephone: (877) 247-4292 or (212) 983-9330
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