LOS ANGELES, Sept. 6, 2024 /PRNewswire/ — In a call to arms, The Law Offices of Frank R. Cruz have issued a rallying cry to investors facing significant losses, urging them to spearhead the securities fraud class action lawsuit against Outset Medical, Inc. (“Outset Medical” or the “Company”) with the ticker symbol OM.

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

If you are a shareholder who suffered a loss, click here to participate.

Unveiling a litany of alleged transgressions, the complaint contends that during the Class Period, Defendants withheld critical information. Among the accusations: the marketing of Tablo products for unapproved purposes by the FDA, the likelihood of an additional 510(k) application, the peril of halting Tablo sales pending FDA clearance, the inadequacy of Outset Medical’s sales infrastructure for Tablo, the impending adverse impact on revenue growth, and the misleading nature of Defendants’ statements regarding the Company’s standing.

For live updates, follow us on Twitter: twitter.com/FRC_LAW.

Becoming a participant in the class action requires no immediate action. You may opt for legal representation or choose to remain a passive member. For further insights into the case or inquiries about your rights, contact Frank R. Cruz at The Law Offices of Frank R. Cruz, located at 2121 Avenue of the Stars, Suite 800, Century City, California 90067, call 310-914-5007, email info@frankcruzlaw.com, or visit www.frankcruzlaw.com, providing your contact details and shareholding volume if reaching out via email.

Advisedly, note that certain jurisdictions may perceive this press release as Attorney Advertising under relevant legislation and ethical principles.

Feel free to check the original content here.

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