The Shareholders Foundation announces that an investigation on behalf of investors of Omnicell, Inc. (NASDAQ:OMCL) shares was initiated over potential securities laws violations by Omnicell and certain of its directors and officers.
Investors who purchased shares of Omnicell, Inc. (NASDAQ:OMCL) 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 focuses on possible claims on behalf of purchasers of the securities of Omnicell, Inc. (NASDAQ:OMCL) concerning whether a series of statements by Omnicell, Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
Omnicell, Inc. reported that its annual Total Revenue rose from $245.53 million in 2011 to $440.90 million in 2014 and that its respective Net income increased from $10.39 million to $30.52 million. Shares of Omnicell, Inc. (NASDAQ:OMCL) grew from $12.88 per share in October 2012 to as high as $35.75 per share in late February 2015.
Then on March 2, 2015, Omnicell, Inc. disclosed that it is unable to file its Annual Report for the year ended December 31, 2014 within the prescribed time period without unreasonable effort or expense because additional time is required by the Company to investigate a notice received on February 27, 2015 from a Company employee alleging, among other matters, 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.
Shares of Omnicell, Inc. (NASDAQ:OMCL) declined to as low as $31.21 per share on March 16, 2015.
Those who purchased shares of Omnicell, Inc. (NASDAQ:OMCL) have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North – Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com