An investigation for investors in Outset Medical, Inc. (NASDAQ:OM) shares over potential securities laws violations by Outset Medical, Inc. was announced.
San Diego, CA -- (SBWIRE) -- 08/23/2023 -- Outset Medical, Inc. is under investigation over potential securities laws violations in connection with certain financial statements.
Investors who purchased shares of Outset Medical, Inc. (NASDAQ: OM), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm focuses on whether a series of statements by Outset Medical, Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
On July 7, 2023, San Jose, CA based Outset Medical disclosed that it had received a Warning Letter from the United States Food and Drug Administration ("FDA") which "assert[ed] that certain materials reviewed by the FDA and found on the Company's website promote continuous renal replacement therapy (CRRT), a modality outside of the current indications for the Tablo Hemodialysis System" and that "the TabloCart with Prefiltration . . . requires prior 510(k) clearance for marketing authorization."
Shares of Outset Medical, Inc. (NASDAQ: OM) declined from $30.55 per share on February 03, 2023 to $17.20 per share on July 10, 2023
Those who purchased shares of Outset Medical, Inc. (NASDAQ: OM) have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com
About The Shareholders Foundation
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.