Final Hours to Join the $Million Class Action Lawsuits: OM Suffers Crushing Blow, Invest Now or Forever Regret it!

The clock is ticking, and investors in Outset Medical, Inc. (NASDAQ:OM), Sage Therapeutics, Inc. (NASDAQ:SAGE), and SMTC Corporation (NASDAQ:SMCI) have only a short time left to join the class action lawsuits filed on their behalf. The Law Offices of Frank R. Cruz, a leading national securities litigation law firm, is reminding investors of the fast-approaching deadlines to file a lead plaintiff motion.

Investors who suffered significant losses on their investments in Outset Medical, Inc. (NASDAQ:OM) are particularly encouraged to take immediate action. A class action lawsuit has been filed against the company, alleging that defendants made materially false and/or misleading statements and failed to disclose material adverse facts about the company's business, operations, and prospects throughout the Class Period, which spans from August 1, 2022, to August 7, 2024.

Specifically, the complaint alleges that defendants failed to disclose to investors: (1) the Tablo products were marketed for continuous renal replacement therapy, which is not one of the indications approved by the FDA; (2) that, as a result, Outset Medical was reasonably likely to submit an additional 510(k) application for the Tablo products; (3) that there was a substantial risk that the Company would cease sales of the Tablo products pending FDA approval of additional indications; (4) that Outset Medical lacked the sales team and process to execute on the ramp of Tablo sales; (5) that, as a result of the foregoing, the Company's revenue growth would be adversely impacted; and (6) that, as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

Investors have until October 28, 2024, to file a lead plaintiff motion in the class action lawsuit filed against Outset Medical, Inc. (NASDAQ:OM). To discuss their legal rights and options in this and other class actions, investors can contact The Law Offices of Frank R. Cruz at 310-914-5007 or by email to [email protected].

The Law Offices of Frank R. Cruz is a national securities litigation law firm dedicated to protecting the rights of investors. The firm has recovered millions of dollars for investors and has a reputation for aggressive and effective advocacy. If you have suffered losses on your investments in Outset Medical, Inc. (NASDAQ:OM), Sage Therapeutics, Inc. (NASDAQ:SAGE), or SMTC Corporation (NASDAQ:SMCI), it is crucial that you take immediate action to protect your interests.