LOS ANGELES, CA / ACCESSWIRE / June 19, 2022 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors ofOutset Medical, Inc. ('Outset' or 'the Company') (NASDAQ:OM) for violations of the securities laws.
The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Outset provided guidance for the second quarter of 2022 as part of a June 13, 2022 press release. The Company announced that it had 'implemented a shipment hold on the distribution of its Tablo Hemodialysis System for home use pending the Food and Drug Administration's ('FDA') review and clearance of a 510(k) the Company submitted for changes made since the device's original March 2020 clearance.' Based on this news, shares of Outset fell by more than 34% on June 14, 2022.
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The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
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SOURCE: The Schall Law Firm
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