Outset Medical, Inc. Sued for Securities Law Violations; Investors Should Contact Block & Leviton for More Information

BOSTON, MA / ACCESSWIRE / August 3, 2022 / Block & Leviton announces that a class action lawsuit has been filed against Outset Medical, Inc. OM for securities law violations. Investors who purchased shares and have lost money are encouraged to contact the firm to learn more about how they might recover those losses. For more details, visit https://www.blockleviton.com/cases/om.

What is this all about?

On June 13, 2022, after the market closed, Outset Medical, Inc. announced that it halted shipments of its Tablo Hemodialysis System for home use pending the U.S. Food and Drug Administration's (FDA) review and clearance of a 510(k) the company submitted for changes made since the device's original clearance.

Outset Medical suspended its prior 2022 guidance.

On this news, shares of Outset Medical fell more than 20% in after hours trading on June 13, 2022, and dropped more than 30% when the market opened on June 14, 2022.

Who is eligible?

Anyone who purchased Outset Medical, Inc. stock between September 15, 2020 and June 13, 2022 is eligible, whether or not they have sold their investment. Investors should contact Block & Leviton to learn more.

What should you do next?

The deadline to seek appointment as lead plaintiff is September 6, 2022. A class has not yet been certified, and until a certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.

If you've lost money on your investment, you should contact Block & Leviton to learn more via our case website, by email at cases@blockleviton.com, or by phone at (617) 398-5600.

Why should you contact Block & Leviton?

Many law firms have issued releases about this matter; most of those firms do not actually litigate securities class actions. Block & Leviton is a law firm that actually litigates cases. We are dedicated to obtaining significant recoveries on behalf of defrauded investors through active litigation in the federal courts across the country. Many of the nation's top institutional investors hire us to represent their interests. You can learn more about us at our website, www.blockleviton.com, or call (617) 398-5600 or email cases@blockleviton.com with any questions.

This notice may constitute attorney advertising.

CONTACT:
BLOCK & LEVITON LLP
260 Franklin St., Suite 1860
Boston, MA 02110
Phone: (617) 398-5600
Email: cases@blockleviton.com
www.blockleviton.com

SOURCE: Block & Leviton LLP