Block & Leviton LLP Investigates Omnicell, Inc. for Possible Violations of the Federal Securities Laws
BOSTON, March 3, 2015 /PRNewswire/ -- Block & Leviton LLP (www.blockesq.com), a Boston-based law firm representing investors nationwide, is investigating possible securities law violations by Omnicell Inc. ("Omnicell" or the "Company") (NASDAQ: OMCL) following the Company's announcement that it would delay filing with the United States Securities and Exchange Commission (the "SEC") its Form 10-K for the year ended December 31, 2014.
More specifically, on March 2, 2015, Omnicell announced, in a Form 12b-25 filed with the SEC, that it was investigating allegations made on February 27, 2015 by one of its employees, regarding potentially improper and/or unreported benefits received by one of its customers. These allegations included, among other matters, the existence of a "side letter" arrangement with a Company customer providing for it to receive certain discounts from Omnicell and Company products that were to be provided at no cost to the unnamed customer, terms and conditions which were not reflected in the final invoices paid by the customer.
In reaction to this news Omnicell's stock price dropped by $2.49 per share on March 3, 2015, or approximately 7% of the Company's unaffected value.
Block & Leviton's investigation seeks to determine, among other things, whether Omnicell or its officers and directors violated the federal securities laws through the Company's actions. If you purchased Omnicell securities prior to March 3, 2015, and have questions about your legal rights or possess information relevant to this investigation, please contact attorney Steven P. Harte of Block & Leviton LLP at (617) 398-5600 or email him at [email protected]. Confidentiality to whistleblowers or others with information relevant to the lawsuit is assured.
This notice may constitute attorney advertising.
Contact:
BLOCK & LEVITON LLP
Steven P. Harte, Esq.
(617) 398-5600
[email protected]
SOURCE Block & Leviton LLP
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