{"id":451177,"date":"2021-03-04T15:37:10","date_gmt":"2021-03-04T20:37:10","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=451177"},"modified":"2021-03-04T15:37:10","modified_gmt":"2021-03-04T20:37:10","slug":"class-action-lawsuit-filed-on-behalf-of-ontrak-inc-investors-otrk-investors-who-have-suffered-losses-greater-than-50000-encouraged-to-contact-kehoe-law-firm-p-c","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/class-action-lawsuit-filed-on-behalf-of-ontrak-inc-investors-otrk-investors-who-have-suffered-losses-greater-than-50000-encouraged-to-contact-kehoe-law-firm-p-c\/","title":{"rendered":"Class Action Lawsuit Filed On Behalf Of Ontrak, Inc. Investors &#8211; OTRK Investors Who Have Suffered Losses Greater Than $50,000 Encouraged To Contact Kehoe Law Firm, P.C."},"content":{"rendered":"<div class=\"mw_release\">\n<p>PHILADELPHIA, March  04, 2021  (GLOBE NEWSWIRE) &#8212; Kehoe Law Firm, P.C. is <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=LjDCPeny54UZrbnZ6KWjkd6eV_R45pqWARdXDw0ozgPtcDybnU5NfvbPxlnrpIttSva7rqOs6pd5mjofYQGW2Jk20RPVomF_SjOrMBoTmfJBQAQ8cZZi-F7PZRyiBnHVam4R8KZyK-tQMfXzTSRHYw==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">investigating potential securities claims<\/a> on behalf of investors of <strong>Ontrak, Inc. (\u201cOntrak\u201d or the \u201cCompany\u201d) (<\/strong><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=JkKV3cFQ9pwow4SDK8UBNLWp8vj0VJk1Y1fzcm6jk7twMGBr7CvxZi294mTZWHUeskdH6kiLmPkLZKxbDovMLG4YmMxZDiWOQnMDC9vZ-3vR3X28YecaZG4Gz_EcTM_l\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><strong>NASDAQ: OTRK<\/strong><\/a><strong>)<\/strong> to determine whether the Company engaged in securities fraud or other unlawful business practices.<\/p>\n<p>On March 3, 2021, a class action lawsuit was filed in United States District Court, Central District of California, on behalf of Ontrak investors who purchased, or otherwise acquired Ontrak securities between November 5, 2020 and February 26, 2021, both dates inclusive (the \u201cClass Period\u201d).<\/p>\n<p>According to the class action complaint, throughout the Class Period, the Ontrak Defendants made materially false and\/or misleading statements, as well as failed to disclose material adverse facts about the Company\u2019s business, operations, and prospects.<\/p>\n<p>The Ontrak Defendants, according to the class action complaint, failed to disclose to investors (1) that Ontrak\u2019s largest customer evaluated the Company on a provider basis, valuing Ontrak\u2019s performance based on achieving the lowest cost per medical visit rather than clinical outcomes or medical cost savings; (2) as a result, Ontrak\u2019s largest customer did not find the Company\u2019s program to be effective and was reasonably likely to terminate its contract with Ontrak; (3) because this customer accounted for a significant portion of the Company\u2019s revenue, the loss of the customer would have an outsized impact on Ontrak\u2019s financial results; and (4) as a result of the foregoing, the Ontrak Defendants\u2019 positive statements about the Company\u2019s business, operations, and prospects were materially misleading and\/or lacked a reasonable basis.<\/p>\n<p>\n        <strong>INVESTORS WHO PURCHASED, OR OTHERWISE ACQUIRED, OTRK SECURITIES DURING THE CLASS PERIOD AND SUFFERED LOSSES GREATER THAN $50,000 ARE ENCOURAGED TO COMPLETE KEHOE LAW FIRM\u2019S <\/strong><br \/>\n        <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=XdZIuifPE68qd5M4kgxaqBHukyj7wkSQEjzEe7Q9UHP4wSR365GaF-b6K-W8Ng_Vloa2JAfVEtrK4Gn0jPgv0qiFhwQiOSDvA54K16qzGPTmHgW08sfJBlv6qp-74i0R1OoymRYcQ5q_VYCta0pAQKDSkMCCdG_rrK2kaY_YRh4=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><br \/>\n          <strong>SECURITIES CLASS ACTION QUESTIONNAIRE<\/strong><br \/>\n        <\/a><br \/>\n        <strong> OR CONTACT KEVIN CAULEY, DIRECTOR, BUSINESS DEVELOPMENT, (215) 792-6676, EXT. 802, <\/strong><br \/>\n        <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=lSG_tHkAsgu4NXWwaL71m38N-JSFoSE9qUqbGs2R1QhshBCmNP9mP1qWwsXnuEE1bgyQxittDUEkudf-xUfuF86mgpyMOHfXK6-SQRT2FG0=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><br \/>\n          <strong>KCAULEY@KEHOELAWFIRM.COM<\/strong><br \/>\n        <\/a><br \/>\n        <strong>, <\/strong><br \/>\n        <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=XdZIuifPE68qd5M4kgxaqODqcBIbE43jirsR6fTPeNKXhEHynh5OjI_Lmm7aqU9B-8p9fwgDY2j_BaATWrkW3z2B-FTtNhGymJRdCPq7dI0__-QtOEqpR0R9FpO_wfwc\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><br \/>\n          <strong>SECURITIES@KEHOELAWFIRM.COM<\/strong><br \/>\n        <\/a><br \/>\n        <strong>, <\/strong><br \/>\n        <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=KfRx6HPSvPvV9nWoFw1aWbh_LUJwUKkArfB_BIPa8D6FHfrCwzwBealXoC1XlMCJ8_DmGvR0kJFgJ06bqvTAMXmw0GA1wMiaJ-hG2VctjBU=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><br \/>\n          <strong>INFO@KEHOELAWFIRM.COM<\/strong><br \/>\n        <\/a><br \/>\n        <strong>, TO DISCUSS THE\u00a0<\/strong><br \/>\n        <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=XdZIuifPE68qd5M4kgxaqBHukyj7wkSQEjzEe7Q9UHNhVIDHQVV8rclnYFfG_joLUOIXetncrJ--9roKVTFMiFcBxwOWkanNwvtILkinJ8uOQQm8PLc150TOp-tlKksWHA1PFMkEs0PlqYUaJkKN36plt8tY1ps6PgHMiboKNWpKLTWiyjgMuZ6mR1przwHRzqnPs_VNdt-CNogRi_yjXA==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><br \/>\n          <strong>SECURITIES CLASS ACTION INVESTIGATION OR POTENTIAL LEGAL CLAIMS. <\/strong><br \/>\n        <\/a>\n      <\/p>\n<p>\n        <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=MdXTITLLCi9n6DegaKVI3vj6ZydPmmE0ygz_FlZAm1VsPEW9nF1UmsAgPrcCSQYNy-Irk8a-HMxWALbX2R-5yZVqs0P0Rl0Jvtjcho8MFoHlh49O6WoKOo00HuruN6Hw\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">Kehoe Law Firm, P.C.<\/a>, with offices in New York and Philadelphia, is a multidisciplinary, plaintiff\u2013side law firm dedicated to protecting investors from securities fraud, breaches of fiduciary duties, and corporate misconduct.\u00a0 Combined, the partners at Kehoe Law Firm have served as Lead Counsel or Co-Lead Counsel in cases that have recovered more than $10 billion on behalf of institutional and individual investors.\u00a0\u00a0\u00a0<\/p>\n<p>This press release may constitute attorney advertising.<\/p>\n<p \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODE4NDg1NCM0MDQ5NTgyIzIxMjEyMjQ=\" width=\"1\" height=\"1\" \/><br \/>\n      <br \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/ml.globenewswire.com\/release\/track\/ecbdee5f-0ec9-4bc5-be6f-c05868ec5542\" width=\"1\" height=\"1\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>PHILADELPHIA, March 04, 2021 (GLOBE NEWSWIRE) &#8212; Kehoe Law Firm, P.C. is investigating potential securities claims on behalf of investors of Ontrak, Inc. (\u201cOntrak\u201d or the \u201cCompany\u201d) (NASDAQ: OTRK) to determine whether the Company engaged in securities fraud or other unlawful business practices. On March 3, 2021, a class action lawsuit was filed in United States District Court, Central District of California, on behalf of Ontrak investors who purchased, or otherwise acquired Ontrak securities between November 5, 2020 and February 26, 2021, both dates inclusive (the \u201cClass Period\u201d). According to the class action complaint, throughout the Class Period, the Ontrak Defendants made materially false and\/or misleading statements, as well as failed to disclose material adverse facts about the Company\u2019s business, &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/class-action-lawsuit-filed-on-behalf-of-ontrak-inc-investors-otrk-investors-who-have-suffered-losses-greater-than-50000-encouraged-to-contact-kehoe-law-firm-p-c\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Class Action Lawsuit Filed On Behalf Of Ontrak, Inc. Investors &#8211; OTRK Investors Who Have Suffered Losses Greater Than $50,000 Encouraged To Contact Kehoe Law Firm, P.C.&#8221;<\/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-451177","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Class Action Lawsuit Filed On Behalf Of Ontrak, Inc. Investors - OTRK Investors Who Have Suffered Losses Greater Than $50,000 Encouraged To Contact Kehoe Law Firm, P.C. - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/class-action-lawsuit-filed-on-behalf-of-ontrak-inc-investors-otrk-investors-who-have-suffered-losses-greater-than-50000-encouraged-to-contact-kehoe-law-firm-p-c\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Class Action Lawsuit Filed On Behalf Of Ontrak, Inc. Investors - OTRK Investors Who Have Suffered Losses Greater Than $50,000 Encouraged To Contact Kehoe Law Firm, P.C. - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PHILADELPHIA, March 04, 2021 (GLOBE NEWSWIRE) &#8212; Kehoe Law Firm, P.C. is investigating potential securities claims on behalf of investors of Ontrak, Inc. (\u201cOntrak\u201d or the \u201cCompany\u201d) (NASDAQ: OTRK) to determine whether the Company engaged in securities fraud or other unlawful business practices. On March 3, 2021, a class action lawsuit was filed in United States District Court, Central District of California, on behalf of Ontrak investors who purchased, or otherwise acquired Ontrak securities between November 5, 2020 and February 26, 2021, both dates inclusive (the \u201cClass Period\u201d). According to the class action complaint, throughout the Class Period, the Ontrak Defendants made materially false and\/or misleading statements, as well as failed to disclose material adverse facts about the Company\u2019s business, &hellip; Continue reading &quot;Class Action Lawsuit Filed On Behalf Of Ontrak, Inc. 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Investors - OTRK Investors Who Have Suffered Losses Greater Than $50,000 Encouraged To Contact Kehoe Law Firm, P.C. - Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/class-action-lawsuit-filed-on-behalf-of-ontrak-inc-investors-otrk-investors-who-have-suffered-losses-greater-than-50000-encouraged-to-contact-kehoe-law-firm-p-c\/","og_locale":"en_US","og_type":"article","og_title":"Class Action Lawsuit Filed On Behalf Of Ontrak, Inc. Investors - OTRK Investors Who Have Suffered Losses Greater Than $50,000 Encouraged To Contact Kehoe Law Firm, P.C. - Market Newsdesk","og_description":"PHILADELPHIA, March 04, 2021 (GLOBE NEWSWIRE) &#8212; Kehoe Law Firm, P.C. is investigating potential securities claims on behalf of investors of Ontrak, Inc. (\u201cOntrak\u201d or the \u201cCompany\u201d) (NASDAQ: OTRK) to determine whether the Company engaged in securities fraud or other unlawful business practices. On March 3, 2021, a class action lawsuit was filed in United States District Court, Central District of California, on behalf of Ontrak investors who purchased, or otherwise acquired Ontrak securities between November 5, 2020 and February 26, 2021, both dates inclusive (the \u201cClass Period\u201d). According to the class action complaint, throughout the Class Period, the Ontrak Defendants made materially false and\/or misleading statements, as well as failed to disclose material adverse facts about the Company\u2019s business, &hellip; Continue reading \"Class Action Lawsuit Filed On Behalf Of Ontrak, Inc. Investors &#8211; OTRK Investors Who Have Suffered Losses Greater Than $50,000 Encouraged To Contact Kehoe Law Firm, P.C.\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/class-action-lawsuit-filed-on-behalf-of-ontrak-inc-investors-otrk-investors-who-have-suffered-losses-greater-than-50000-encouraged-to-contact-kehoe-law-firm-p-c\/","og_site_name":"Market Newsdesk","article_published_time":"2021-03-04T20:37:10+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODE4NDg1NCM0MDQ5NTgyIzIxMjEyMjQ=","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/class-action-lawsuit-filed-on-behalf-of-ontrak-inc-investors-otrk-investors-who-have-suffered-losses-greater-than-50000-encouraged-to-contact-kehoe-law-firm-p-c\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/class-action-lawsuit-filed-on-behalf-of-ontrak-inc-investors-otrk-investors-who-have-suffered-losses-greater-than-50000-encouraged-to-contact-kehoe-law-firm-p-c\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Class Action Lawsuit Filed On Behalf Of Ontrak, Inc. 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