Delving into Alleged Securities Violations
An investigation is underway into possible securities law violations by Outset Medical, Inc. (“Outset” or “the Company”) represented by the Schall Law Firm. The Company’s stock ticker symbol is OM and is listed on the NASDAQ stock exchange.
Financial Report Fallout
The scrutiny revolves around whether Outset made false or misleading statements or omitted key information from investors. On August 7, 2024, the Company released disappointing second-quarter financial results. Outset not only missed consensus estimates significantly but also revised its full-year forecast downward. Citing the need for internal changes within its control, the Company mentioned implementing shifts and adjustments in its sales team and processes. Consequently, Outset’s stock plummeted by 68.53% on August 8, 2024.
Taking Action
For shareholders who suffered losses, there is an opportunity to partake in the investigation. Those affected are encouraged to reach out to the Schall Law Firm for assistance.
Legal Support and Contact
Interested parties can contact Brian Schall at the Schall Law Firm in Los Angeles, California, either by phone or through the firm’s website or email. The Schall Law Firm specializes in securities class action lawsuits and shareholder rights litigation, representing investors globally.
Disclosure Notice
In certain jurisdictions, this press release may be considered Attorney Advertising as per applicable laws and ethical regulations.