NEW YORK, Aug. 5, 2013 /PRNewswire/ -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC announces that a securities class action has been filed in the United States District Court for the Northern District of California on behalf of those who purchased shares of Vocera Communications, Inc. ("Vocera or the Company") (NYSE: VCRA), during the period between March 28, 2012 and May 3, 2013, inclusive (the "Class Period") and/or pursuant or traceable to the registration statement issued in connection with the Company's initial public offering on March 28, 2012 (the "IPO").
The complaint charges the defendants with violations of federal securities laws. Specifically the complaint alleges 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. According to the complaint, throughout the Class Period, the Company made a series of false and misleading statements concerning the Company's financial condition. Following the Company's May 2, 2013 disclosure that its financial results for the first quarter 2013 were significantly worse than expected and that it was sharply reducing its previously stated revenue guidance for full-year 2013, the value of Vocera shares declined significantly.
Plaintiff seeks to recover damages on behalf of all Vocera shareholders who purchased common stock during the Class Period described above.No Class has yet been certified in the above action. If you wish to review a copy of the Complaint, to discuss this action, or have any questions, please contact Peretz Bronstein, Esq. or his Investor Relations Coordinator Eitan Kimelman of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484 or via email firstname.lastname@example.org. Those who inquire by e-mail are encouraged to include their mailing address and telephone number. September 30, 2013 is the deadline for investors to seek a lead plaintiff appointment. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff. Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm's expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.