Law
Offices of Howard G. Smith announces that a class action
lawsuit has been filed in the United States District Court for the
Northern District of California on behalf of a class (the “Class”)
comprising investors who purchased or otherwise acquired Omnicell, Inc.
(“Omnicell” or the “Company”) (Nasdaq: OMCL) shares between May 2, 2014
and March 2, 2015, inclusive (the “Class Period”). Investors who
acquired Omnicell shares during the Class Period are encouraged to
contact the Law Offices of Howard G. Smith prior to the May 18, 2015
lead plaintiff deadline to discuss their rights.
Omnicell provides automation and business information solutions designed
to enable hospitals and long-term healthcare facilities to acquire,
manage, dispense and administer medications and medical-surgical
supplies. The Complaint alleges that defendants made false and
misleading statements or failed to disclose material adverse facts,
including 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; and, that the Company lacked adequate internal
controls over financial reporting. On March 2, 2015, the Company
announced the need to delay the filing of its annual report, because of
the alleged “side letter” arrangement described above. Following
disclosure of the above news, Omnicell shares fell $2.14 per share, or
more than 6%, on March 3, 2015.
If you are a member of the Class described above, you may move the Court
no later than May 18, 2015, to serve as lead plaintiff. To be a member
of the Class, you need not take any action at this time; you may retain
counsel of your choice or take no action and remain an absent member of
the Class. If you wish to learn more about this action, please contact
Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070
Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at
(215) 638-4847, toll-free at (888) 638-4847, or by email to howardsmith@howardsmithlaw.com,
or visit our website at http://www.howardsmithlaw.com.
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jurisdictions under the applicable law and ethical rules.
Copyright Business Wire 2015