Law Firm of Wohl & Fruchter LLP Announces Investigation of Vocera Communications, Inc.
The law firm of Wohl & Fruchter LLP announces that it is investigating
possible violations of federal securities laws by officers and directors
of Vocera Communications, Inc. (Vocera) (NYSE: VCRA).
On May 2, 2013, after the close of the market, Vocera announced first
quarter earnings and revenue that were significantly worse than
expected. Full-year revenue and earnings forecasts were also sharply
reduced. On a subsequent earnings call, management attributed the
shortfall and weaker outlook to, among other factors, cost cutting
initiatives at hospitals due to healthcare reform.
Upon the above news, on May 3, 2013, VCRA shares dropped over 37% from
$19.38/share to $12.15/share, resulting in shareholder losses of
approximately $175 million.
Our investigation concerns whether Vocera management violated federal
securities laws by, among other things, concealing from investors the
impact that healthcare reform was having on the closing of sales of the
company’s communication solutions to hospitals.
Persons with relevant information, and VCRA shareholders with questions
about this investigation, are invited to contact the attorney below, or
our Firm by calling 866.582.8140.
Additional information is available on our website at: http://www.wohlfruchter.com/cases/vcra.
About Wohl & Fruchter
Wohl & Fruchter LLP represents plaintiffs in litigation arising from
fraud and other fiduciary breaches by corporate managers, as well as
other complex litigation matters. Please visit our website, www.wohlfruchter.com,
to learn more about our Firm, or contact one of our partners.
This release may be deemed to constitute attorney advertising.
