NEW YORK, Aug. 23, 2013 (GLOBE NEWSWIRE) -- The Rosen Law Firm, P.A. announces that a class action lawsuit has been filed on behalf of purchasers of Vocera Communications, Inc. (NYSE:VCRA) stock during the period from March 28, 2012 to May 3, 2013 and purchasers of Vocera common stock in the Company's initial public offering on March 28, 2012, seeking to recover damages for violations of the federal securities laws.
To join the Vocera class action, visit the firm's website at http://www.rosenlegal.com, or call Phillip Kim, Esq. or Kevin Chan, Esq. toll-free, at 866-767-3653; you may also email at firstname.lastname@example.org or email@example.com for information on the class action.
NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU MAY ALSO REMAIN AN ABSENT CLASS MEMBER AND DO NOTHING AT THIS POINT. YOU MAY RETAIN COUNSEL OF YOUR CHOICE.
Vocera is a provider of mobile communication solutions to healthcare and non-healthcare markets that offers software applications, hands-free wearable voice-controlled communication badges and smartphones, as well as consulting, training and technical support services.
According to the lawsuit, Vocera and certain of its officers and directors materially misstated and/or failed to disclose: (i) the extent of the adverse impact that healthcare reform was having on sales of the Company's communication products to hospitals; and (ii) the extent of the adverse impact that the federal budget sequestration was having on sales of the Company's communication products to government hospitals.
On May 2, 2013, after the markets closed, Vocera announced financial results for the first quarter of 2013 significantly below analysts' expectations and previously issued guidance. The Company also drastically reduced its previously stated revenue guidance for full-year 2013 and guidance for non-GAAP earnings per share. When these adverse facts were disclosed, the price of the Company's stock dropped and damaged investors.
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 Phillip Kim, Esq. or Kevin Chan, Esq. of The Rosen Law Firm, toll-free, at 866-767-3653, or via e-mail at firstname.lastname@example.org or email@example.com. You may also visit the firm's website at http://www.rosenlegal.com.
The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.
CONTACT: Laurence M. Rosen, Esq. Phillip Kim, Esq. Kevin Chan, Esq. The Rosen Law Firm P.A. 275 Madison Avenue 34th Floor New York, New York 10016 Tel: (212) 686-1060 Toll Free: 1-866-767-3653 Fax: (212) 202-3827 firstname.lastname@example.org email@example.com firstname.lastname@example.org www.rosenlegal.comSource: The Rosen Law Firm PA PC