Lawsuit for Investors Who Lost Money With Shares of Outset Medical, Inc. (NASDAQ:OM) Announced by Shareholders Foundation

A lawsuit is pending for certain investors in Outset Medical, Inc. (NASDAQ:OM) shares. Investors in NASDAQ:OM shares should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 – 1554.

The Shareholders Foundation, Inc. announces that a lawsuit is pending for certain investors in Outset Medical, Inc. (NASDAQ:OM) shares.

Investors who purchased shares of Outset Medical, Inc. (NASDAQ: OM) have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 – 1554.

On August 29, 2024, an investor in NASDAQ: OM shares filed a lawsuit over alleged securities laws violations by Outset Medical, Inc. The plaintiff alleged that the defendants failed to disclose to investors, that the Tablo products were marketed for continuous renal replacement therapy, which is not one of the indications approved by the FDA, that, as a result, Outset Medical was reasonably likely to submit an additional 510(k) application for the Tablo products, that there was a substantial risk that the Company would cease sales of the Tablo products pending FDA approval of additional indications, that Outset Medical lacked the sales team and process to execute on the ramp of Tablo sales, that, as a result of the foregoing, the Company’s revenue growth would be adversely impacted, and that, as a result of the foregoing, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

Those who purchased shares of Outset Medical, Inc. (NASDAQ: OM) should contact the Shareholders Foundation, Inc.

CONTACT:

Shareholders Foundation, Inc.
Michael Daniels
+1 (858) 779-1554
mail@shareholdersfoundation.com
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108

The Shareholders Foundation, Inc. is a professional portfolio legal monitoring and a settlement claim filing service, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. The Shareholders Foundation, Inc. is not a law firm. Any referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is only provided as a public service. It is not intended as legal advice and should not be relied upon.

Contact Information

Michael Daniels
Manager
mail@shareholdersfoundation.com
858-779-1554

SOURCE: Shareholders Foundation, Inc.

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