{"id":450257,"date":"2021-03-03T21:03:21","date_gmt":"2021-03-04T02:03:21","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=450257"},"modified":"2021-03-03T21:03:21","modified_gmt":"2021-03-04T02:03:21","slug":"ontrak-alert-bragar-eagel-squire-p-c-is-investigating-ontrak-inc-on-behalf-of-ontrak-stockholders-and-encourages-investors-to-contact-the-firm","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/ontrak-alert-bragar-eagel-squire-p-c-is-investigating-ontrak-inc-on-behalf-of-ontrak-stockholders-and-encourages-investors-to-contact-the-firm\/","title":{"rendered":"ONTRAK ALERT: Bragar Eagel & Squire, P.C. Is Investigating Ontrak, Inc. on Behalf of Ontrak Stockholders and Encourages Investors to Contact the Firm"},"content":{"rendered":"

<\/p>\n

ONTRAK ALERT: Bragar Eagel & Squire, P.C. Is Investigating Ontrak, Inc. on Behalf of Ontrak Stockholders and Encourages Investors to Contact the Firm<\/b><\/p>\n

NEW YORK–(BUSINESS WIRE<\/a>)–
\nBragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, is investigating potential claims against Ontrak, Inc. (NASDAQ: OTRK) on behalf of Ontrak stockholders. Our investigation concerns whether Ontrak has violated the federal securities laws and\/or engaged in other unlawful business practices.\n<\/p>\n

\nClick here<\/a> to participate in the action.\n<\/p>\n

\nOn March 1, 2021, Ontrak issued a press release announcing preliminary financial results for fourth quarter and full year 2020. Therein, the Company stated that its largest customer had terminated its contract with Ontrak, effective June 26, 2021. The Company stated that this customer \u201cevaluated Ontrak on a provider basis\u201d and \u201c[a]s such, the customer evaluated [Ontrak\u2019s] performance based on [its] ability to achieve the lowest possible cost per medical visit, and not on [its] clinical outcomes data or medical cost savings.\u201d The Company also stated that \u201cthe coaching model which Ontrak has pioneered for over a decade was seen by the customer to be less relevant to their performance metrics.\u201d\n<\/p>\n

\nOn this news, the Company\u2019s share price fell $27.32, or more than 46%, to close at $31.62 per share on March 1, 2021.\n<\/p>\n

\nIf you purchased or otherwise acquired Ontrak shares and suffered a loss, are a long term stockholder, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Brandon Walker, Melissa Fortunato, or Marion Passmore by email at investigations@bespc.com<\/a>, telephone at (212) 355-4648, or by filling out this contact form<\/a>. There is no cost or obligation to you.\n<\/p>\n

About Bragar Eagel & Squire, P.C.:<\/b><\/p>\n

\nBragar Eagel & Squire, P.C. is a nationally recognized law firm with offices in New York, California, and South Carolina. The firm represents individual and institutional investors in commercial, securities, derivative, and other complex litigation in state and federal courts across the country. For more information about the firm, please visit www.bespc.com<\/a>. Attorney advertising. Prior results do not guarantee similar outcomes.\n<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20210303005997\/en\/<\/a><\/span><\/p>\n

\nBragar Eagel & Squire, P.C.
\n
Brandon Walker, Esq.
\n
Melissa Fortunato, Esq.
\n
Marion Passmore, Esq.
\n
(212) 355-4648
\n
investigations@bespc.com
\n<\/a>
www.bespc.com<\/a><\/p>\n

KEYWORDS:<\/b> New York United States North America<\/p>\n

INDUSTRY KEYWORDS:<\/b> Legal Professional Services<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
Logo<\/b><\/font><\/td>\n<\/tr>\n
\"Logo\"<\/td>\n<\/tr>\n
<\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

ONTRAK ALERT: Bragar Eagel & Squire, P.C. Is Investigating Ontrak, Inc. on Behalf of Ontrak Stockholders and Encourages Investors to Contact the Firm NEW YORK–(BUSINESS WIRE)– Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, is investigating potential claims against Ontrak, Inc. (NASDAQ: OTRK) on behalf of Ontrak stockholders. Our investigation concerns whether Ontrak has violated the federal securities laws and\/or engaged in other unlawful business practices. Click here to participate in the action. On March 1, 2021, Ontrak issued a press release announcing preliminary financial results for fourth quarter and full year 2020. Therein, the Company stated that its largest customer had terminated its contract with Ontrak, effective June 26, 2021. The Company stated that this … <\/p>\n

Continue reading “ONTRAK ALERT: Bragar Eagel & Squire, P.C. Is Investigating Ontrak, Inc. on Behalf of Ontrak Stockholders and Encourages Investors to Contact the Firm”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-450257","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nONTRAK ALERT: Bragar Eagel & Squire, P.C. 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