Wolf Haldenstein Adler Freeman & Herz LLP reminds investors that a securities class action lawsuit has been filed in the United States District Court for the Central District of California against Ontrak, Inc.

NEW YORK, March 24, 2021 (GLOBE NEWSWIRE) – Wolf Haldenstein Adler Freeman & Herz LLP announces that a class action lawsuit has been filed in the U.S. District Court for the Central District of California on behalf of investors who bought or acquired the securities by Ontrak, Inc. (“Ontrak” or the “Company”) (NASDAQ: OTRK) from November 5, 2020 to February 26, 2021 (the “Class Period”).

Any investor who has bought Ontrak, Inc. stock. and any losses incurred are requested to contact the company immediately classmember@whafh.com or (800) 575-0735 or (212) 545-4774. You can get additional information about the promotion or Join the case on our website, www.whafh.com.

If you suffered a loss in Ontrak, Inc. stock. You may, no later than May 3, 2021, Ask the court to appoint you as the lead plaintiff in the proposed class. Please contact Wolf Haldenstein to learn more about your rights as an investor in Ontrak, Inc. stock.

CLICK HERE TO JOIN CASE

On March 1, 2021, Ontrak released a press release announcing preliminary financial results for the fourth quarter and full year 2020. The company said that its largest customer had terminated its contract with Ontrak effective June 26, 2021. The company stated that this customer rated Ontrak on a vendor basis as well [a]This is how the customer rates it [Ontrak’s] Performance is based on [its] Ability to get the lowest possible cost per doctor visit and no further [its] Clinical outcome data or medical cost savings. The company also stated that the coaching model, which Ontrak pioneered for over a decade, was viewed by the customer as being less relevant to their performance metrics.

In that news, the company’s share price fell $ 27.32, or more than 46%, to close at $ 31.62 per share on March 1, 2021, hurting investors.

Wolf Haldenstein has extensive experience prosecuting class and derivative disputes in state and federal courts and appeals courts across the country. The firm has lawyers in various fields of activity; and offices in New York, Chicago and San Diego. This firm’s reputation and expertise in shareholder and other class disputes has been recognized repeatedly by the courts who have appointed them to key positions in complex securities multiple district and consolidated litigation.

If you would like to discuss this promotion or if you have any questions about your rights and interests in this case, please contact Wolf Haldenstein immediately at (800) 575-0735, by email at classmember@whafh.com or visit our website on www.whafh.com.

Contact:

Wolf Haldenstein Adler Freeman & Herz LLP
Kevin Cooper, Esq.
Gregory Stone, director of case and financial analysis
Email: gstone@whafh.com, kcooper@whafh.com or classmember@whafh.com
Tel .: (800) 575-0735 or (212) 545-4774

This press release may be viewed as a solicitor’s advertisement in some jurisdictions under applicable laws and ethical rules.

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