Kahn Swick & Foti, LLC ("KSF") and KSF partner, the former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until
September 30, 2013
to file lead plaintiff applications in a securities class action lawsuit against Vocera Communications, Inc. (NYSE: VCRA), if they purchased the Company’s securities in or traceable to Vocera’s initial public offering (“IPO”) on March 28, 2012 to May 3, 2013, inclusive (the “Class Period”). This action is pending in the United States District Court for the Northern District of California.
What You May Do
If you purchased shares of Vocera and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, call toll-free at 1-877-515-1850, or email KSF Managing Partner Lewis Kahn (
) or KSF Partner Melinda Nicholson (
). If you wish to serve as a lead plaintiff in this class action, you must petition the Court by
September 30, 2013
About the Lawsuit
Vocera and certain of its executives are charged with issuing a series of materially false and misleading statements during the Class Period, including in its IPO Registration Statement, in violation of federal securities laws.
These false statements and omissions included, in part, the severity of the negative impact that healthcare reform and federal budget sequestration were having on sales of the Company's products to hospitals. After the markets closed on May 2, 2013, Vocera announced first quarter earnings and revenue that were significantly worse than expected and sharply reduced full-year revenue and earnings forecasts. Management subsequently attributed the shortfall and weaker outlook to, among other factors, cost cutting initiatives at hospitals due to healthcare reform.
About Kahn Swick & Foti, LLC