Robbins Arroyo LLP: Omnicell, Inc. (OMCL) Misled Shareholders According to a Recently Filed Class Action
March 23 2015 - 3:13PM
Shareholder rights law firm Robbins Arroyo LLP announces that an
investor of Omnicell, Inc. (Nasdaq:OMCL) has filed a federal
securities fraud class action complaint in the U.S. District Court
for the Northern District of California. The complaint alleges that
the company and certain of its officers and directors violated the
Securities Exchange Act of 1934 between May 2, 2014 and March 2,
2015. Omnicell provides automation solutions for medication and
supply chain management in healthcare worldwide.
View this information on the law firm's Shareholder Rights
Blog:
www.robbinsarroyo.com/shareholders-rights-blog/omnicell-inc
Omnicell Misrepresents Its Business
Practices
According to the complaint, shares of Omnicell fell over 6%, or
$2.14, to close at $33.08 per share on March 3, 2015, after the
company announced in a regulatory filing that it would be unable to
file its annual report in a timely manner. According to Omnicell,
the company requires additional time to investigate a notice
received on February 27, 2015, from an employee alleging the
existence of a "side letter" arrangement with a company customer
for discounts and free products not reflected in the final invoices
paid by the customer.
Omnicell Shareholders Have Legal Options
Concerned shareholders who would like more information about
their rights and potential remedies can contact attorney Darnell R.
Donahue at (800) 350-6003, DDonahue@robbinsarroyo.com, or via the
shareholder information form on the firm's website.
Robbins Arroyo LLP is a nationally recognized leader in
shareholder rights law. The firm represents individual and
institutional investors in shareholder derivative and securities
class action lawsuits, and has helped its clients realize more than
$1 billion of value for themselves and the companies in which they
have invested.
Attorney Advertising. Past results do not guarantee a similar
outcome.
CONTACT: Darnell R. Donahue
Robbins Arroyo LLP
600 B Street, Suite 1900
San Diego, CA 92101
DDonahue@robbinsarroyo.com
(619) 525-3990 or Toll Free (800) 350-6003
www.robbinsarroyo.com
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