Outset Medical 9/6/22 DEADLINE: Lieff Cabraser Urges OM Investors to Contact Our Firm About Pending Securities Fraud Action
ACCESSWIRE
05 Aug 2022, 23:01 GMT+10
SAN FRANCISCO, CA / ACCESSWIRE / August 5, 2022 / National plaintiff's firm law firm of Lieff Cabraser Heimann & Bernstein, LLP stronglyrecommends thatOutset Medical (OM) investors who suffered losses between September 15, 2020 and June 13, 2022 contact our firmimmediately regarding pending securities fraud class action against Outset Medical. The deadline to apply to be a lead plaintiff is September 6, 2022.
Class Period: September 15, 2020 - June 13, 2022
Lead Plaintiff Motion Deadline: September 6, 2022
For more information: https://www.lieffcabraser.com/securities/outset-medical/
Contact Lieff Cabraser: investorinfo@lchb.com or 1-800-541-7358
The action alleges that Outset misled investors and/or failed to disclose material information about its chief product, the Tablo Hemodialysis System ('Tablo').
On May 4, 2022, after markets closed, Outset announced disappointing financial results for the first quarter of 2022, which analysts attributed in part to Tablo's untested performance in the home setting. On this news, the price of Outset common stock fell $16.88, or 2.26% over the next three trading days, from a closing price of $39.94 per share on Wednesday, May 4, 2022, to close at $23.06 per share on Monday, May 9, 2022, on elevated trading volume.
On June 13, 2022, after markets closed, Outset announced that the FDA required the Company to suspend all shipments of Tablo for home use until Outset obtained the requisite regulatory clearance. On this news, the price of Outset stock fell $6.95, or 34.05%, from a closing price of $20.41 per share on June 13, 2022, to close at $13.46 per share on June 14, 2022, on extremely heavy trading volume.
About Lieff Cabraser
Lieff Cabraser Heimann & Bernstein, LLP, with over 100 attorneys in offices in San Francisco, New York, Nashville, and Munich, Germany, is an internationally-recognized law firm committed to advancing the rights of investors and promoting corporate responsibility. Recognized as a 'Plaintiffs' Powerhouse' by Law360, Lieff Cabraser has litigated some of the most important civil cases in the United States, and has assisted clients in recovering over $124 billion in verdicts and settlements. Lieff Cabraser is committed to ensuring access to justice for all.
SOURCE: Lieff Cabraser Heimann & Bernstein
View source version on accesswire.com:
https://www.accesswire.com/710877/Outset-Medical-9622-DEADLINE-Lieff-Cabraser-Urges-OM-Investors-to-Contact-Our-Firm-About-Pending-Securities-Fraud-Action
Subscribe and Follow
Get a daily dose of Atlanta Leader news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
News RELEASES
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Atlanta Leader.
More Information
84
℉
Drought compels Panama Canal to reduce ships passing through to 31
PANAMA CITY, Panama: On September 30, the Panama Canal said that due to a drought that has reduced the supply ...
First flight from Libya to Italy in 10 years, takes off from Tripoli
TRIPOLI, Libya: Italy and Libya resumed commercial flights for the first time in ten years on September 30, with flight ...
Maine fire destroys Jamie Wyeth paintings, guts historical buildings
SAINT GEORGE, Maine: A fire destroyed several waterfront buildings in Maine on September 29, including an art gallery with several ...
ASEAN leadership: Members refuse Myanmar's leadership in 2026
JAKARTA, Indonesia - According to Asian diplomats and the Philippines' president, Southeast Asian leaders have decided that Myanmar will not ...
New video taken in Pacific shows 3 sunk WWII aircraft carriers
NEW LONDON, Connecticut: Video footage taken deep in the Pacific Ocean provided the first detailed view of three World War ...
Annual bison roundup conducted at Custer State Park, South Dakota
CUSTER STATE PARK, South Dakota: As part of an annual effort to maintain the health of the species, which has ...
Nasdaq dives 248 points as interest rates reach for the stars
NEW YORK, NEW YORK - U.S. stocks tumbled on Tuesday as interest rates on 10 and 30-year Treasury yields approached ...
Chief medical officer warns of levels of Cannabis use in Ireland
DUBLIN, Ireland: The chief medical officer has issued a stark warning regarding the alarming levels of cannabis consumption in Ireland, ...
Deal unlikely to stop strike, say Kaiser Permanente workers' unions
OAKLAND, California: As their current contract expires and their unions prepare to strike, Kaiser Permanente workers' representatives said, on September ...
In the midst of slowdown, eurozone inflation hits a two-year low
FRANKFURT, Germany: Inflation in the eurozone hit a two-year low in September, signaling that the European Central Bank's (ECB) strategy ...
Factory activity in China shows first increase in six months
BEIJING, China: Official statistics released on the weekend showed that in September, Chinese factory activity expanded for the first time ...
Nasdaq Composite gains ground Monday, industrial stocks sag
NEW YORK, New York - The Nasdaq defied a general sell-off on U.S. equity markets Monday, as the new quarter ...
