NEW YORK, Aug. 2, 2013 (GLOBE NEWSWIRE) -- Gainey McKenna & Egleston announces that a class action lawsuit has been filed in United States District Court for the Northern District of California. The securities class action, which seeks remedies under the Securities Act of 1933 and the Securities Exchange Act of 1934, was filed on behalf of those persons and entities who purchased or otherwise acquired Vocera Communications, Inc. ("Vocera" or the "Company") securities (NYSE:VCRA): (i) between March 28, 2012 and May 3, 2013, inclusive (the "Class Period"); and/or (ii) pursuant and/or traceable to the registration statement issued in connection with the Company's initial public offering on March 28, 2012 (the "IPO").
The Complaint alleges that, in the Company's offering materials and throughout the Class Period, Vocera made a series of false and misleading statements concerning the Company's financial condition that caused the Company's shares to trade at an artificially inflated price. Specifically, the Complaint alleges that the Company failed to disclose the severity of the negative impact that healthcare reform and federal budget sequestration were having on sales of the Company's communication products to hospitals.
If you wish to serve as lead plaintiff, you must move the Court no later than September 30, 2013. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. If you wish to join the litigation, or to discuss your rights or interests regarding this class action, please contact Thomas J. McKenna, Esq. or Gregory M. Egleston, Esq. of Gainey McKenna & Egleston at (212) 983-1300, or via e-mail at firstname.lastname@example.org or email@example.com.
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CONTACT: Gainey McKenna & Egleston (212) 983-1300Source:Gainey McKenna& Egleston