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
Get a daily dose of North Carolina Daily news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to North Carolina Daily.
More InformationSEATTLE, Washington: A union representing nearly 2,500 employees at three Boeing defense locations in the St. Louis area canceled a ...
NEW YORK, New York -"There is a continued battle between the bulls and the bears and whether this rally has ...
NEW YORK, New York - Strong earnings from technology and health companies, including PayPal and CVS Health Corp drove stock ...
NEW YORK, New York - U.S. stocks were largely unsettled Tuesday after U.S. House Speaker Nancy Pelosi arrived in Taiwan, ...
NEW YORK, New York - U.S. stock markets went on a roller coaster ride on Monday, with major indices giving ...
WASHINGTON D.C.: As part of efforts to encourage U.S. domestic industries to become more competitive with China, the U.S. Senate ...
SEATTLE, Washington: A union representing nearly 2,500 employees at three Boeing defense locations in the St. Louis area canceled a ...
WASHINGTON D.C.: The U.S. is considering limiting shipments of U.S.-made chipmaking equipment to China, including to Yangtze Memory Technologies, according ...
CALIFORNIA, USA - A Galway man has completed a coast-to-coast run across the United States carrying the ashes of a ...
HELSINKI, Finland: Some 150 British troops have arrived in Finland to join Finnish and U.S. forces for a four-day "high-readiness ...
LOUISVILLE, Kentucky: At least 25 people have been killed by flash floods in the Appalachia region of eastern Kentucky, becoming ...
SACRAMENTO, California: To counter the large jump in the purchase price of insulin used by diabetics, California is moving forward ...