Investors Can Step Forward in Outset Medical Class Action Lawsuit

LOS ANGELES, Oct. 18, 2024 /PRNewswire/ — The Law Offices of Frank R. Cruz is calling on investors who experienced significant losses to consider leading a securities fraud class action lawsuit against Outset Medical, Inc. (“Outset Medical” or the “Company”) OM.

Class Period: August 1, 2022 – August 7, 2024
Lead Plaintiff Deadline: October 28, 2024

Shareholders who have suffered losses can click here to participate.

The complaint claims that during the Class Period, the defendants failed to inform investors about several crucial issues: (1) the Tablo products were being marketed for continuous renal replacement therapy, which was not among the FDA-approved indications; (2) Outset Medical was likely to submit an additional 510(k) application for the Tablo products; (3) there was a significant risk that the Company would halt sales of Tablo products until receiving FDA approval for these additional indications; (4) Outset Medical did not have a sufficient sales team or process to properly promote Tablo sales; (5) as a result, the Company’s revenue growth was bound to suffer; and (6) these failures rendered the defendants’ positive statements about the Company’s business, operations, and future prospects misleading or unfounded.

Stay updated by following us on Twitter: twitter.com/FRC_LAW.

To join the class action, no action is required at this moment; you may choose to hire a lawyer or simply remain an absent member of the class. For further information about this class action or any questions regarding your rights or interests, please contact Frank R. Cruz from The Law Offices of Frank R. Cruz, located at 2121 Avenue of the Stars, Suite 800, Century City, California 90067. You can reach him at 310-914-5007, by email at info@frankcruzlaw.com, or visit our website at www.frankcruzlaw.com. If contacting via email, please include your mailing address, phone number, and the number of shares purchased.

Note: This press release may be considered Attorney Advertising in some jurisdictions, according to the applicable laws and ethical rules.

View original content to download multimedia: here.

SOURCE The Law Offices of Frank R. Cruz, Los Angeles