Shareholder Alert: Law Offices of Howard G. Smith Reminds Investors of the May 18, 2015 Lead Plaintiff Deadline in the Class ...
May 06 2015 - 10:30AM
Business Wire
Law Offices of Howard G. Smith reminds investors of Omnicell,
Inc. (“Omnicell” or the “Company”) (NASDAQ: OMCL) who purchased the
Company’s shares between May 2, 2014 and March 2, 2015,
inclusive (the “Class Period”) that there are less than two weeks
to the May 18, 2015 deadline to file a motion to be
appointed as lead plaintiff in the shareholder lawsuit.
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 shareholders were damaged by the sharp decline
in the Company’s share price.
If you purchased Omnicell securities during the Class Period, if
you have information or would like to learn more about these
claims, or if you have any questions concerning this announcement
or your rights or interests with respect to these matters, 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
www.howardsmithlaw.com.
Law Offices of Howard G. SmithHoward G. Smith,
Esquire215-638-4847888-638-4847howardsmith@howardsmithlaw.comwww.howardsmithlaw.com
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