EQUITY ALERT: The Rosen Law Firm Reminds Omnicell, Inc. Investors of the Important Class Action Deadline
May 06 2015 - 2:15PM
Business Wire
The Rosen Law Firm, a global investor rights firm, reminds
purchasers of Omnicell, Inc. (NASDAQ: OMCL) stock from May 2, 2014
through March 2, 2015 of the important May 18, 2015 lead plaintiff
deadline in the class action. The lawsuit seeks to recover damages
for Omnicell investors under the federal securities laws.
To join the Omnicell class action, go to the firm’s website at
http://www.rosenlegal.com/cases-557.html or call Phillip Kim, Esq.
or Kevin Chan, Esq. toll-free at 866-767-3653 or email
pkim@rosenlegal.com or kchan@rosenlegal.com for information on the
class action.
NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A
CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU
RETAIN ONE. YOU MAY ALSO REMAIN AN ABSENT CLASS MEMBER AND DO
NOTHING AT THIS POINT. YOU MAY RETAIN COUNSEL OF YOUR CHOICE.
The lawsuit alleges that Omnicell made false and/or misleading
statements, as well as failed to disclose material adverse facts
pertaining to arrangement 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 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 market close, Omnicell announced 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.” On this news, shares
of Omnicell fell $2.14 or over 6% to close at $33.08 on March 3,
2015, damaging investors.
A class action lawsuit has already been filed. If you wish to
serve as lead plaintiff, you must move the Court no later than May
18, 2015. If you wish to join the litigation, go to the firm’s
website at http://www.rosenlegal.com/cases-557.html or to discuss
your rights or interests regarding this class action, please
contact, Phillip Kim, Esq. or Kevin Chan, Esq. of The Rosen Law
Firm toll free at 866-767-3653 or via e-mail at pkim@rosenlegal.com
or kchan@rosenlegal.com.
The Rosen Law Firm represents investors throughout the globe,
concentrating its practice in securities class actions and
shareholder derivative litigation.
The Rosen Law Firm, P.A.Laurence Rosen, Esq.Phillip Kim,
Esq.Kevin Chan, Esq.275 Madison Avenue, 34th FloorNew York, NY
10016Tel: (212) 686-1060Toll Free: (866) 767-3653Fax: (212)
202-3827lrosen@rosenlegal.compkim@rosenlegal.comkchan@rosenlegal.comwww.rosenlegal.com
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