OKLAHOMA CITY – (BUSINESS WIRE) – Federman & Sherwood announces that a class action lawsuit has been filed against Ontrak, Inc. (NASDAQ: OTRK) in the US District Court for the Central District of California on March 3, 2021. The complaint alleges violations of federal securities laws, Sections 10 (b) and 20 (a) of the Securities Exchange Act of 1934 and rule 10b-5, including allegations of a number of material or misrepresentations being brought into the market that had the effect of artificial inflation of the market price during the class period from November 5, 2020 to February 26, 2021.
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Plaintiff is seeking damages on behalf of all Ontrak, Inc. shareholders who purchased common shares during the Class Period and are therefore members of the Class as described above. You can move the court no later than Monday, May 3, 2021 to serve as the lead plaintiff for the entire class. However, to do this, you must meet certain legal requirements under the Private Securities Litigation Reform Act of 1995.
If you would like to discuss this action, seek further information, participate in this or any other securities dispute, or have any questions or concerns regarding this notice or the safeguarding of your rights, please contact:
FEDERMAN & SHERWOOD
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