|[August 23, 2013]
Vocera Communications Shareholder Alert: Briscoe Law and Powers Taylor Investigate Possible Breaches of Fiduciary Duty by Officers and Directors
DALLAS --(Business Wire)--
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 (News - Alert)" 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 Brscoe 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.
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.
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.
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