Investigation announced for Long-Term Investors in shares of Outset Medical, Inc. (NASDAQ: OM)

An investigation was announced for long-term investors in shares of Outset Medical, Inc. (NASDAQ: OM) concerning potential breaches of fiduciary duties by certain directors and officers of Outset Medical, Inc.

Investors who are current long term investors in Outset Medical, Inc. (NASDAQ: OM) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm for current long term investors in NASDAQ: OM stocks follows a lawsuit filed against Outset Medical, Inc. over alleged securities laws violations. The investigation on behalf of current long term investors in NASDAQ: OM stocks, concerns whether certain Outset Medical, Inc. directors are liable in connection with the allegations made in that lawsuit.

According to that complaint filed in the U.S. District Court for the Northern District of California the plaintiff alleges that, the Defendants failed to disclose to investors, that the Tablo products were marketed for continuous renal replacement therapy, which is not one of the indications approved by the FDA, that, as a result, Outset Medical was reasonably likely to submit an additional 510(k) application for the Tablo products, that there was a substantial risk that the Company would cease sales of the Tablo products pending FDA approval of additional indications, that Outset Medical lacked the sales team and process to execute on the ramp of Tablo sales, that, as a result of the foregoing, the Company's revenue growth would be adversely impacted, and that, as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

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

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 lawsuits, 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.

This release was published on openPR.