{"id":451836,"date":"2021-03-05T10:03:33","date_gmt":"2021-03-05T15:03:33","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=451836"},"modified":"2021-03-05T10:03:33","modified_gmt":"2021-03-05T15:03:33","slug":"otrk-shareholder-alert-bronstein-gewirtz-grossman-llc-notifies-ontrak-inc-investors-of-class-action-and-encourages-shareholders-to-contact-the-firm","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/otrk-shareholder-alert-bronstein-gewirtz-grossman-llc-notifies-ontrak-inc-investors-of-class-action-and-encourages-shareholders-to-contact-the-firm\/","title":{"rendered":"OTRK Shareholder Alert: Bronstein, Gewirtz & Grossman, LLC Notifies Ontrak, Inc. Investors of Class Action and Encourages Shareholders to Contact the Firm"},"content":{"rendered":"
\n

PR Newswire<\/p>\n<\/p><\/div>\n

\n

\n NEW YORK<\/span>, March 5, 2021<\/span> \/PRNewswire\/ —\u00a0Attorney Advertising —\u00a0Bronstein, Gewirtz & Grossman, LLC notifies investors that a class action lawsuit has been filed against\u00a0Ontrak, Inc. (“Ontrak” or the “Company”) (NASDAQ:\u00a0OTRK)\u00a0and certain of its officers, on behalf of shareholders who purchased or otherwise acquired Ontrak securities\u00a0between November 5, 2020<\/span> and February 26<\/span>, 2021,\u00a0inclusive (the “Class Period”).\u00a0Such investors are encouraged to join this case by visiting the firm’s site: www.bgandg.com\/otrk<\/a>.\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<\/p>\n

\n

\n
\n \"Bronstein,
\n <\/a>\n <\/p>\n<\/p><\/div>\n

This class action seeks to recover damages against Defendants for alleged violations of the federal securities laws under the Securities Exchange Act of 1934. <\/p>\n

The complaint alleges that throughout the Class Period, Defendants made materially false and\/or misleading statements, and failed to disclose that:\u00a0(1) that Ontrak’s largest customer evaluated the Company on a provider basis, valuing Ontrak’s performance based on achieving the lowest cost per medical visit rather than clinical outcomes or medical cost savings; (2) that, as a result, Ontrak’s largest customer did not find the Company’s program to be effective and was reasonably likely to terminate its contract with Ontrak; (3) that, because this customer accounted for a significant portion of the Company’s revenue, the loss of the customer would have an outsized impact on Ontrak’s financial results; and (4) that, as a result of the foregoing, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and\/or lacked a reasonable basis.<\/p>\n

A class action lawsuit has already been filed. If you wish to review a copy of the Complaint you can visit the firm’s site: www.bgandg.com\/otrk<\/a>\u00a0or you may contact Peretz Bronstein, Esq.<\/span> or his Investor Relations Analyst, Yael Hurwitz<\/span> of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484. If you suffered a loss in Ontrak\u00a0you have until May 3, 2021<\/span> to request that the Court appoint you as lead plaintiff.\u00a0 Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff.<\/p>\n

Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique.\u00a0 Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients.\u00a0 In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm’s expertise includes general corporate and commercial litigation, as well as securities arbitration.\u00a0 \u00a0Attorney advertising. Prior results do not guarantee similar outcomes.<\/p>\n

Contact:
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein<\/span> or Yael Hurwitz<\/span>
212-697-6484 | info@bgandg.com<\/a><\/p>\n

<\/div>\n

\n \"Cision\" View original content to download multimedia:http:\/\/www.prnewswire.com\/news-releases\/otrk-shareholder-alert-bronstein-gewirtz–grossman-llc-notifies-ontrak-inc-investors-of-class-action-and-encourages-shareholders-to-contact-the-firm-301241229.html<\/a><\/p>\n

SOURCE Bronstein, Gewirtz & Grossman, LLC<\/p>\n<\/p><\/div>\n

\"\"<\/p>\n","protected":false},"excerpt":{"rendered":"

PR Newswire NEW YORK, March 5, 2021 \/PRNewswire\/ —\u00a0Attorney Advertising —\u00a0Bronstein, Gewirtz & Grossman, LLC notifies investors that a class action lawsuit has been filed against\u00a0Ontrak, Inc. (“Ontrak” or the “Company”) (NASDAQ:\u00a0OTRK)\u00a0and certain of its officers, on behalf of shareholders who purchased or otherwise acquired Ontrak securities\u00a0between November 5, 2020 and February 26, 2021,\u00a0inclusive (the “Class Period”).\u00a0Such investors are encouraged to join this case by visiting the firm’s site: www.bgandg.com\/otrk.\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 This class action seeks to recover damages against Defendants for alleged violations of the federal securities laws under the Securities Exchange Act of 1934. The complaint alleges that throughout the Class Period, Defendants made materially false and\/or misleading statements, and failed to disclose that:\u00a0(1) that Ontrak’s largest customer evaluated the … <\/p>\n

Continue reading “OTRK Shareholder Alert: Bronstein, Gewirtz & Grossman, LLC Notifies Ontrak, Inc. Investors of Class Action and Encourages Shareholders 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-451836","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nOTRK Shareholder Alert: Bronstein, Gewirtz & Grossman, LLC Notifies Ontrak, Inc. 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The complaint alleges that throughout the Class Period, Defendants made materially false and\/or misleading statements, and failed to disclose that:\u00a0(1) that Ontrak’s largest customer evaluated the … Continue reading "OTRK Shareholder Alert: Bronstein, Gewirtz & Grossman, LLC Notifies Ontrak, Inc. 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