The Shareholders Foundation announces that an investigation on behalf of current long-term investors in shares of Vocera Communications Inc (NYSE:VCRA) shares was launched over potential breaches of fiduciary duties by certain officers and directors at Vocera Communications.
Investors who purchased shares of Vocera Communications Inc (NYSE:VCRA) and currently hold any of those NYSE:VCRA 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 concerns whether certain Vocera Communications officers and directors breached their fiduciary duties and caused damage to the company and its shareholders.
In August 2013 a lawsuit was filed against Vocera over alleged securities laws violations. The plaintiff alleges that Vocera Communications Inc failed to disclose the severity of the negative impact that healthcare reform and federal budget sequestration were having on sales of Vocera Communications Inc’s communication products to hospitals.
Vocera Communications Inc reported that its annual Total Revenue rose from $100.96 million in 2012 to $102.50 million in 2013 while its Net Income of $2.89 million declined to a Net Loss of $10.46 million. Shares of Vocera Communications Inc (NYSE:VCRA) declined $31.10 per share in September 2012 to as low as $7.58 per share on October 7, 2014.
On November 3, 2014, NYSE:VCRA shares closed at $10.23 per share.
Those who purchased shares of Vocera Communications Inc 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