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Deadline on Sept. 16th in Lawsuit for Investors in shares of Omnicell, Inc. (NASDAQ: OMCL) upcoming

08-27-2019 04:10 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Shareholders Foundation

A Deadline is coming up on September 16, 2019 in the lawsuit for certain investors in Omnicell, Inc. (NASDAQ: OMCL).

A Deadline is coming up on September 16, 2019 in the lawsuit for certain investors in Omnicell, Inc. (NASDAQ: OMCL).

The Shareholders Foundation announced that a deadline is coming up on September 16, 2019 in the lawsuit filed for certain investors of Omnicell, Inc. (NASDAQ: OMCL) over alleged securities laws violations by Omnicell, Inc.

Investors who purchased shares of Omnicell, Inc. (NASDAQ: OMCL) have certain options and there are strict and short deadlines running. Deadline: September 16, 2019. NASDAQ: OMCL stockholders should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

According to the complaint filed in the U.S. District Court for the Northern District of California the plaintiff alleges on behalf of purchasers of Omnicell, Inc. (NASDAQ: OMCL) common shares between October 25, 2018 and July 11, 2019, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between October 25, 2018 and July 11, 2019, the Defendants failed to disclose to investors that the Company recognized revenue for certain transactions before fulfilling its performance obligations, that the Company engaged in improper accounting practices to meet revenue targets, that the Company experienced weaker demand for new product lines than it had previously projected, that, as a result, the Company would be required to write-off certain inventory, that the Company misclassified certain expenses as capitalized expenditures, and that, as a result of the foregoing, Defendants’ positive statements about the Company’s business, operations

Those who purchased shares of Omnicell, Inc. (NASDAQ: OMCL) have certain options and should contact the Shareholders Foundation.

Media Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

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