An investigation on behalf of current long term investors in Outset Medical, Inc. (NASDAQ:OM) shares over possible breaches of fiduciary duty by certain officers and directors was announced.
San Diego, CA -- (SBWIRE) -- 10/19/2022 -- An investigation was announced for long-term investors in shares of Outset Medical, Inc. (NASDAQ: OM) concerning potential breaches of fiduciary duties by certain directors of Outset Medical, Inc.
Investors who are current long term investors in Outset Medical, Inc. (NASDAQ: OM) shares, have certain options and should contact the Shareholders Foundation at firstname.lastname@example.org or call +1(858) 779 - 1554.
The investigation by a law firm for investors in NASDAQ: OM stocks follows a lawsuit filed against Outset Medical, Inc. over alleged securities laws violations. The investigation on behalf of current long term investors in NASDAQ: OM stocks, concerns whether certain Outset Medical directors are liable in connection with the allegations made in that lawsuit.
The plaintiff alleges that the Defendants had "continuously made improvements and updates to Tablo over time since its original clearance" that required an additional 510(k) application, that as a result, the Company could not conduct a human factors study on a cleared device in accordance with FDA protocols, that the Company's inability to conduct the human factors study subjected the Company to the likelihood of the FDA imposing a "shipment hold" and marketing suspension, leaving the Company unable to sell Tablo for home use, and that as a result, Defendants' positive statements about the Company's business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times.
Those who purchased shares of Outset Medical, Inc. (NASDAQ: OM) have certain options and should contact the Shareholders Foundation.
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