Friday, March 20, 2015
Labaton Sucharow Notifies Investors of Court Order Upholding Key Claims Relating to Vocera Communications Inc.'s Securities
NEW YORK (March 20, 2015) – In light of a new court order, it is important that investors who purchased shares on a September 7, 2012 secondary offering of stock by Vocera Communications Inc. (Vocera) (NYSE: VCRA) step forward to preserve claims against the company under the federal securities laws.
Labaton Sucharow LLP is the Court-appointed Lead Counsel in a class action suit pending against Vocera in the United States District Court for the Northern District of California. The suit is brought on behalf of a class of investors who purchased or otherwise acquired Vocera securities between March 28, 2012 and May 3, 2013, inclusive.
The complaint alleges that Vocera and certain of its officers violated federal securities laws in connection with false statements and omissions that misrepresented Vocera’s growth prospects.
On February 11, 2015, the Court in the federal action permitted key claims to go forward, but dismissed claims under the Securities Act of 1933 relating to a September 7, 2012 secondary offering because Lead Plaintiffs did not purchase on that offering. The Court granted Lead Plaintiff until March 27, 2015 to file an amended complaint.
In order for the class to pursue recovery for losses on the September 7, 2012 secondary offering under the Securities Act of 1933, the Court will require that an investor who bought on the offering serve as a representative plaintiff. Members of the class will be represented by Lead Plaintiffs, and the class will be represented by Lead Plaintiffs’ counsel, Labaton Sucharow.
If a suitable investor does not step forward by March 27, 2015, there is a chance that shareholders of Vocera who purchased common stock on the secondary offering may not be able to pursue their claims under the Securities Act of 1933.
Contact Us for More Information
Jonathan Gardner, Esq.
Labaton Sucharow LLP
140 Broadway, NY, NY 10005
T: (212) 907-0839
About Labaton Sucharow LLP
Labaton Sucharow prosecutes precedent-setting class actions, recovering billions of dollars on behalf of defrauded investors and consumers. With more than 50 full-time attorneys, Labaton Sucharow’s litigation group is strengthened by its in-house team of investigators, financial analysts, and forensic accountants. The Firm litigates in the areas of securities, antitrust, and consumer protection law. For more information, visit www.labaton.com.