Former United States Securities and Exchange Commission attorney Willie Briscoe, founder of The Briscoe Law Firm, PLLC, and the securities litigation firm of Powers Taylor, LLP announce that a federal class action lawsuit has been filed against Covera Communications, Inc. (“Vocera” or “Company”) (NYSE: VCRA). The firms are investigating additional legal claims against the officers and Board of Directors of Vocera during the period of March 28, 2012 and May 3, 2013 (the “Class Period”).
If you are an affected investor and you want to learn more about the lawsuit or join the action, contact Willie Briscoe at The Briscoe Law Firm, PLLC, (214) 239-4568, or via email at WBriscoe@TheBriscoeLawFirm.com, or Zachary Groover at Powers Taylor, LLP, toll free (877) 728-9607, via email at firstname.lastname@example.org. There is no cost or fee to you.
In a recently filed federal class action complaint, Vocera and certain of its officers and directors were charged with violating certain provisions of the Securities Exchange Act of 1934. Specifically, the complaint alleges that among other things, defendants misrepresented and/or failed to disclose that: (a) Vocera was facing a more adverse impact on the closing of sales of the Company’s communication products to hospitals due to healthcare reform; and (b) the extent of adverse impact that the federal budget sequestration was having on the closing of sales of Vocera’s communication products to government hospitals. According to the complaint, when Vocera divulged that the financial results for the first quarter of 2013 were significantly worse than expected, Vocera shares declined substantially.
The Briscoe Law Firm, PLLC is a full service business litigation, commercial transaction, and public advocacy firm with more than 20 years of experience in complex litigation and transactional matters.Powers Taylor, LLP is a boutique litigation law firm that handles a variety of complex business litigation matters, including claims of investor and stockholder fraud, shareholder oppression, shareholder derivative suits, and security class actions.