NEW YORK--(BUSINESS WIRE)--
The law firm of Wohl & Fruchter LLP announces that it is investigating possible violations of federal securities laws by officers and directors of Vocera Communications, Inc. (Vocera) (VCRA).
On May 2, 2013, after the close of the market, Vocera announced first quarter earnings and revenue that were significantly worse than expected. Full-year revenue and earnings forecasts were also sharply reduced. On a subsequent earnings call, management attributed the shortfall and weaker outlook to, among other factors, cost cutting initiatives at hospitals due to healthcare reform.
Upon the above news, on May 3, 2013, VCRA shares dropped over 37% from $19.38/share to $12.15/share, resulting in shareholder losses of approximately $175 million.
Our investigation concerns whether Vocera management violated federal securities laws by, among other things, concealing from investors the impact that healthcare reform was having on the closing of sales of the company’s communication solutions to hospitals.
Persons with relevant information, and VCRA shareholders with questions about this investigation, are invited to contact the attorney below, or our Firm by calling 866.582.8140.
Additional information is available on our website at: http://www.wohlfruchter.com/cases/vcra.
About Wohl & Fruchter
Wohl & Fruchter LLP represents plaintiffs in litigation arising from fraud and other fiduciary breaches by corporate managers, as well as other complex litigation matters. Please visit our website, www.wohlfruchter.com, to learn more about our Firm, or contact one of our partners.
This release may be deemed to constitute attorney advertising.
J. Elazar Fruchter, 845-425-4658