Investors Can Now Lead Class Action Against Outset Medical for Alleged Securities Fraud

BENSALEM, Pa., Oct. 22, 2024 /PRNewswire/ — The Law Offices of Howard G. Smith announces a significant opportunity for investors with substantial losses to lead a class action lawsuit against Outset Medical, Inc. (“Outset Medical” or the “Company”) OM.

Class Period: September 15, 2020 – August 7, 2024
Lead Plaintiff Deadline: October 28, 2024

If you have suffered losses on your Outset Medical investments, consider contacting the Law Offices of Howard G. Smith for a discussion about your legal rights at 215-638-4847 or via email at howardsmith@howardsmithlaw.com.

The lawsuit alleges that, during the Class Period, Outset Medical and its executives failed to inform investors about several critical issues: (1) the Tablo products were marketed for purposes not approved by the FDA; (2) the risk that Outset Medical would later have to seek additional FDA approval for the Tablo products; (3) the potential halt of sales pending this approval; (4) the lack of a capable sales team to manage increased Tablo sales; (5) the negative impact these factors would have on the company’s revenue; and (6) that previous positive statements about the business and its prospects were misleading.

Investors do not need to take any immediate action to be included in the class action. You may choose to hire your own attorney or remain an absent class member. For more information about the class action, or if you have any questions concerning your rights or interests, please reach out to Howard G. Smith, Esquire, at Law Offices of Howard G. Smith, located at 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020. You can contact him by phone at (215) 638-4847 or through email at howardsmith@howardsmithlaw.com, or visit the website at www.howardsmithlaw.com.

This press release may be interpreted as Attorney Advertising in certain jurisdictions under relevant laws and ethical standards.

Contacts

Law Offices of Howard G. Smith
Howard G. Smith, Esquire
215-638-4847
howardsmith@howardsmithlaw.com
www.howardsmithlaw.com

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SOURCE Law Offices of Howard G. Smith