Berman Tabacco Announces Investigation of Outset Medical Inc. (OM) for Potential Securities Law Violations
13 Outubro 2023 - 2:36PM
Business Wire
Berman Tabacco, a national law firm representing investors, is
investigating potential securities law violations by Outset Medical
Inc. ("Outset" or the "Company") (NASDAQ: OM), a medical technology
company based in San Jose, California.
About the Investigation
On July 10, 2023, Bloomberg reported that Outset “shares
decline[d] as much as 16% after receiving a warning letter from the
US FDA raising two additional observations about its dialysis
device, Tablo Hemodialysis System.”
On October 12, 2023, after the market close, Outset issued a
press release announcing preliminary revenue for the third quarter
ended Sept. 30, 2023, and updated guidance. The Company disclosed
that "[g]rowth in the quarter was dampened by a
larger-than-expected impact in the field from the recent FDA
warning letter, and early signs of a more cautious outlook on
capital spending that we see as a headwind continuing through the
fourth quarter." On October 13, 2023, shares opened at $3.76 per
share, down $3.01 (or 44%) from the October 12, 2023 closing price
of $6.77.
Contact
If you have information concerning this investigation, please
contact us here: Contact | Berman Tabacco.
About Berman Tabacco
Since 1982, our firm has prosecuted hundreds of securities and
antitrust complex cases. The firm and its attorneys have been
recognized for their work on behalf of plaintiffs, including by
Chambers USA, Benchmark Litigation, which has ranked the firm as
Highly Recommended and a Top Ten Plaintiffs, The Legal 500, U.S.
News & World Report-Best Lawyers, The Daily Journal, Lawdragon,
Who's Who Legal, and Super Lawyers.
The firm has offices in Boston, Massachusetts and San Francisco,
California.
This notice may constitute attorney advertising.
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version on businesswire.com: https://www.businesswire.com/news/home/20231013829521/en/
Berman Tabacco Jay Eng, Esq. One Liberty Square Boston,
Massachusetts Email: law@bermantabacco.com
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