Le Lézard
Classified in: Business
Subject: ATY

DEADLINE ALERT: Bragar Eagel & Squire, P.C. Reminds Investors That a Class Action Lawsuit Has Been Filed Against Omnicell, Inc. (NASDAQ: OMCL) and Encourages Omnicell Investors to Contact the Firm

NEW YORK, Sept. 13, 2019 /PRNewswire/ -- Bragar Eagel & Squire, P.C. announces that a class action lawsuit has been filed in the United States District Court for the Northern District of California on behalf of all investors that purchased Omnicell, Inc. (NASDAQ: OMCL) securities between October 25, 2018 and July 11,2019 (the "Class Period").  Investors have until September 16, 2019 to apply to the Court to be appointed as lead plaintiff in the lawsuit.

(PRNewsfoto/Bragar Eagel & Squire, P.C.)

Click here to participate in the action.

The complaint filed on July 18, 2019 alleges that throughout the Class Period, defendants made false and/or misleading statements and/or failed to disclose that: (1) Omnicell recognized revenue for certain transactions before fulfilling its performance obligations; (2) Omnicell engaged in improper accounting practices to meet revenue targets; (3) the company experienced weaker demand for new product lines than it had previously projected; (4) consequently, Omnicell would be required to write-off certain inventory; (5) Omnicell misclassified certain expenses as capitalized expenditures; and (6) as a result of the foregoing, defendants' positive statements about the company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

Bragar Eagel & Squire, P.C. is a New York-based law firm concentrating in commercial and securities litigation.  For additional information concerning the Omnicell class action please go to https://bespc.com/omcl.  For additional information about Bragar Eagel & Squire, P.C. please go to www.bespc.com.  Attorney advertising.  Prior results do not guarantee similar outcomes.

SOURCE Bragar Eagel & Squire, P.C.

These press releases may also interest you

at 13:05
U.S. Bancorp will host conference calls to review quarterly financial results on the following dates: Fourth Quarter 2019 ? Wednesday, January 15, 2020, at 8:00 a.m. CT First Quarter 2020 ? Wednesday, April 15, 2020, at 8:00 a.m. CT...

at 13:00
Major Drilling Group International Inc. ("Major Drilling" or the "Corporation") is pleased to announce that all director nominees listed in the management proxy circular dated July 15, 2019 (the "Circular") were elected as directors of Major...

at 13:00
St. Regis Hotels & Resorts today announced the opening of The St. Regis Amman, marking the debut of the iconic luxury brand in the Kingdom of Jordan. Extending the legacy of the Astor family from Fifth Avenue in New York to Amman's 5th Circle, The...

at 13:00
Oppenheimer & Co. Inc. ("Oppenheimer") ? a leading investment bank, wealth manager, and a subsidiary of Oppenheimer Holdings ? will gather innovative companies, institutions and individuals from across the cyber security industry at its Security...

at 13:00
North American Title Co. (NATC) has named Jeff Fargo division manager for its Southern Nevada region. Fargo brings real estate and title insurance experience to his position. "Jeff's real estate knowledge and leadership ability makes him uniquely...

at 12:59
Amp Human, creators of PR Lotion, announced today the addition of Lucy Charles-Barclay and Reece Barclay to its athlete team. Lucy Charles-Barclay started her career as one of Great Britain's elite swimmers, and is now...

News published on 13 september 2019 at 18:32 and distributed by: