INVESTOR ALERT: Faruqi & Faruqi, LLP Reminds Investors Who Suffered Losses in Excess of $100,000 Investing in Omnicell, Inc. ...
May 09 2015 - 11:00AM
Faruqi & Faruqi, LLP, a leading national securities law firm,
reminds shareholders of the imminent lead plaintiff deadline in the
securities class action pending in the Northern District of
California against Omnicell, Inc. (“Omnicell” or the “Company”)
(Nasdaq:OMCL). Investors who wish to become proactively
involved in the litigation have until May 15, 2015 to seek
appointment as lead plaintiff.
The action alleges that 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 an experienced trial team which has achieved significant
victories on behalf of the firm's clients. To keep track of the
latest securities litigation news, follow us on Twitter at
www.twitter.com/MergerActivity or on Facebook at
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We welcome the opportunity to discuss your particular case.
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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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