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OMCL Omnicell Inc

27.17
0.00 (0.00%)
Pre Market
Last Updated: 09:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type
Omnicell Inc NASDAQ:OMCL NASDAQ Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 27.17 26.06 28.41 0 09:00:00

TRADING ALERT: The Rosen Law Firm Reminds Omnicell, Inc. Investors of the Important Class Action Deadline

16/04/2015 8:56pm

Business Wire


Omnicell (NASDAQ:OMCL)
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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 sharply during intraday trading 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.

Phillip Kim, Esq.Kevin Chan, Esq.Laurence Rosen, Esq.The Rosen Law Firm, P.A.275 Madison Avenue, 34th FloorNew York, NY 10016Tel: (212) 686-1060Toll Free: 1-866-767-3653Fax: (212) 202-3827pkim@rosenlegal.comkchan@rosenlegal.comlrosen@rosenlegal.comwww.rosenlegal.com

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