WAYNE, Pa., April 21, 2015 /PRNewswire/ -- Ryan &
Maniskas, LLP announces that a class action lawsuit has been filed
in United States District Court for the Northern District of
California on behalf of all
persons or entities that purchased the common stock of Omnicell,
Inc. ("Omnicell" or the "Company") (NASDAQ: OMCL) between
May 2, 2014 and March 2, 2015, inclusive (the "Class
Period").
Omnicell shareholders may, no later than May 18, 2015, move the Court for appointment as a
lead plaintiff of the Class. If you purchased shares of
Omnicell and would like to learn more about these claims or if you
wish to discuss these matters and have any questions concerning
this announcement or your rights, contact Richard A. Maniskas, Esquire toll-free at (877)
316-3218 or to sign up online, visit:
www.rmclasslaw.com/cases/omcl.
Omnicell provides automation solutions for medication and supply
management. The company operates in two segments, Acute Care and
Non-Acute Care.
The Complaint alleges that throughout the Class Period,
Defendants made false and/or misleading statements, as well as
failed to disclose material adverse facts pertaining to
arrangements with certain customers. Specifically, defendants made
false and/or misleading statements and/or failed to disclose: (1)
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; (2) that the Company lacked adequate
internal controls over financial reporting; and (3) that as a
result of the foregoing, the Company's financial statements were
materially false and misleading at all relevant times.
On March 2, 2015, after the market
closed, the Company disclosed in a regulatory filing that it would
be unable to timely file its Annual Report on Form 10-K for the
year ended December 31, 2014.
According to the Company, "additional time is required by the
Company to investigate a notice received on February 27, 2015 from a Company employee
alleging, among other matters, 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."
As a result of this news, shares of Omnicell fell $2.14, or over 6%, on extremely heavy volume, to
close at $33.08 on March 3, 2015.
If you are a member of the class, you may, no later than
May 18, 2015, request that the Court
appoint you as lead plaintiff of the class. A lead plaintiff
is a representative party that acts on behalf of other class
members in directing the litigation. In order to be appointed
lead plaintiff, the Court must determine that the class member's
claim is typical of the claims of other class members, and that the
class member will adequately represent the class. Under
certain circumstances, one or more class members may together serve
as "lead plaintiff." Your ability to share in any recovery is
not, however, affected by the decision whether or not to serve as a
lead plaintiff. You may retain Ryan & Maniskas, LLP or
other counsel of your choice, to serve as your counsel in this
action.
For more information regarding this, please contact Ryan &
Maniskas, LLP (Richard A. Maniskas,
Esquire) toll-free at (877) 316-3218 or by email at
rmaniskas@rmclasslaw.com or visit:
www.rmclasslaw.com/cases/omcl. For more information about
class action cases in general or to learn more about Ryan &
Maniskas, LLP, please visit our website: www.rmclasslaw.com.
Ryan & Maniskas, LLP is a national shareholder litigation
firm. Ryan & Maniskas, LLP is devoted to protecting the
interests of individual and institutional investors in shareholder
actions in state and federal courts nationwide.
CONTACT:
Ryan & Maniskas, LLP
Richard A. Maniskas, Esquire
995 Old
Eagle School Rd., Suite 311
Wayne, PA
19087
484-588-5516
877-316-3218
www.rmclasslaw.com/cases/omcl
rmaniskas@rmclasslaw.com
Logo -
http://photos.prnewswire.com/prnh/20121112/MM11729LOGO
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/ryan--maniskas-llp-announces-class-action-lawsuit-against-omnicell-inc-300069769.html
SOURCE Ryan & Maniskas, LLP