Omnicell, Inc. (NasdaqGS: OMCL)
Stock Symbol: NasdaqGS: OMCL
Class Period Start: 10/25/2018
Class Period End (inclusive): 10/25/2018
Filing Deadline: 09/16/2019
Court: Northern District of California
The law firm of Barbuto & Johansson, P.A., and Director of Client Relations Neil Rothstein, Esq. remind investors that they have until September 16th, 2019 to file lead plaintiff applications in a securities class action lawsuit against Omnicell, Inc.
Omnicell and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.
On July 11, 2019, a report published by GlassHouse Research revealed that the Company had prematurely recognized over $38M in sales, had pushed new product lines onto customers hesitant to purchase more inventory due to implementation issues, and that it would need to write off $23M in obsolete inventory.
On this news, the Company’s stock price fell $11.41/share, or nearly 14%, to close at $75.11/share on July 11, 2019, on unusually heavy trading volume.
If you purchased securities of Omnicell, Inc. and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, please contact one of our attorneys. Call the firm today at (561) 444-7980 and/or fill out the form to the right. The case is Bursick v. Omnicell, Inc. et al., 3:19-cv-04150. Click here to read full case complaint.