NEW YORK, Aug. 5, 2013 (GLOBE NEWSWIRE) -- Levi & Korsinsky announces that a class action lawsuit has been commenced in the United States District Court for the Northern District of California on behalf of investors who purchased Vocera Communications, Inc. ("Vocera" or the "Company") (NYSE:VCRA) stock between March 28, 2012 and May 3, 2013 and/or pursuant or traceable to the registration statement issued in connection with the Company's Initial Public Offering on March 28, 2012.
For more information, click here: http://zlk.9nl.com/vocera-communications-vcra/.
The complaint alleges that defendants issued materially false and misleading statements and/or failed to disclose materially adverse information regarding the Company's financial condition. In particular, it is alleged that defendants failed to disclose the severity of the negative impact that healthcare reform and the federal budget sequestration were having on sales of the Company's communication products to hospitals. On May 2, 2013, Vocera disclosed financial results for the first quarter 2013 that were significantly lower than expected. The Company also announced it would drastically reduce its previously stated revenue guidance for the year 2013. Upon this news, shares of Vocera fell from a close of $19.38 per share on May 2, 2013, to a close of $12.15 per share the following day.
If you suffered a loss in Vocera you have until September 5, 2013 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff. To obtain additional information, contact Joseph E. Levi, Esq. either via email at email@example.com or by telephone at (877) 363-5972, or visit http://zlk.9nl.com/vocera-communications-vcra/.
Levi & Korsinsky is a national firm with offices in New York, New Jersey, and Washington D.C. The firm has extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT: Levi & Korsinsky, LLP Joseph Levi, Esq. Eduard Korsinsky, Esq. 30 Broad Street - 24th Floor New York, NY 10004 Tel: (212) 363-7500 Toll Free: (877) 363-5972 Fax: (866) 367-6510 www.zlk.comSource:Levi & Korsinsky, LLP