{"id":454821,"date":"2021-03-10T09:03:37","date_gmt":"2021-03-10T14:03:37","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=454821"},"modified":"2021-03-10T09:03:37","modified_gmt":"2021-03-10T14:03:37","slug":"ontrak-inc-class-action-alert-wolf-haldenstein-adler-freeman-herz-llp-notifies-investors-that-a-securities-class-action-lawsuit-has-been-filed-in-the-united-states-district-court-for-the-cent-2","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/ontrak-inc-class-action-alert-wolf-haldenstein-adler-freeman-herz-llp-notifies-investors-that-a-securities-class-action-lawsuit-has-been-filed-in-the-united-states-district-court-for-the-cent-2\/","title":{"rendered":"ONTRAK, INC. CLASS ACTION ALERT: Wolf Haldenstein Adler Freeman & Herz LLP notifies 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."},"content":{"rendered":"
\n

LEAD PLAINTIFF DEADLINE IS MAY 3, 2021<\/h2>\n

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

\n

\n NEW YORK<\/span>, March 10, 2021<\/span> \/PRNewswire\/ —\u00a0Wolf Haldenstein Adler Freeman<\/span> & Herz LLP <\/a>\u00a0announces that \u00a0a federal securities class action lawsuit \u00a0has been filed in the United States<\/span> District Court for the Central District of California<\/span> on behalf of investors who purchased or acquired the securities of Ontrak, Inc. (“Ontrak” or the “Company”) (NASDAQ: OTRK) from November 5, 2020<\/span>, through February 26, 2021<\/span> (the “Class Period”). <\/p>\n

\n

\n
\n \"(PRNewsfoto\/Wolf
\n <\/a>\n <\/p>\n<\/p><\/div>\n

\n All <\/b>
\n investors\u00a0who purchased shares <\/b>
\n of \u00a0Ontrak, Inc.<\/b>\u00a0and incurred losses are urged to contact the firm immediately at <\/b>classmember@whafh.com<\/a>\u00a0or (800) 575-0735 or (212) 545-4774. You may obtain additional information concerning the action or <\/b>join the case<\/a>on our website, <\/b>www.whafh.com.<\/a><\/p>\n

If \u00a0\u00a0you have incurred losses in the shares of Ontrak, Inc. you<\/b>\u00a0<\/b>may,<\/b>no later than May 3, 2021<\/span><\/b>, <\/b>request that the Court appoint you lead plaintiff of the proposed class.\u00a0 Please contact Wolf Haldenstein<\/span><\/a> to learn more about your rights as an investor in the shares of \u00a0Ontrak, Inc.<\/p>\n

\n CLICK HERE TO JOIN CASE<\/a>\n <\/p>\n

On March 1, 2021<\/span>, Ontrak issued a press release announced preliminary financial results for fourth quarter and full year 2020.\u00a0The Company stated that its largest customer had terminated its contract with Ontrak, effective, June 26, 2021<\/span>. The Company stated that this customer evaluated Ontrak on a provider basis and [a]s such, the customer evaluated [Ontrak’s] 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. The Company also stated that the coaching model which Ontrak has pioneered for over a decade was seen by the customer to be less relevant to their performance metrics.<\/p>\n

On this news, the Company’s share price fell $27.32<\/span>, or more than 46%, to close at $31.62<\/span> per share on March 1, 2021<\/span>, thereby injuring investors.<\/p>\n

\n
\n Wolf Haldenstein<\/span>
\n <\/a> has extensive experience in the prosecution of securities class actions and derivative litigation in state and federal trial and appellate courts across the country.\u00a0The firm has attorneys in various practice areas; and offices in New York<\/span>, Chicago<\/span> and San Diego.\u00a0The reputation and expertise of this firm in shareholder and other class litigation has been repeatedly recognized by the courts, which have appointed it to major positions in complex securities multi-district and consolidated litigation.<\/p>\n

If you wish to discuss this action or have any questions regarding your rights and interests in this case, please immediately contact Wolf Haldenstein<\/span><\/a> by telephone at (800) 575-0735, via e-mail at classmember@whafh.com<\/a>, or visit our website at \u00a0www.whafh.com.<\/a><\/p>\n

Contact:<\/p>\n

\n Wolf Haldenstein Adler Freeman<\/span> & Herz LLP
Kevin Cooper, Esq.<\/span>
Gregory Stone<\/span>, Director of Case and Financial Analysis
Email: gstone@whafh.com<\/a>, kcooper@whafh.com<\/a> or classmember@whafh.com<\/a>
Tel: (800) 575-0735 or (212) 545-4774<\/p>\n

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.\u00a0 <\/p>\n

<\/div>\n

\n \"Cision\" View original content to download multimedia:http:\/\/www.prnewswire.com\/news-releases\/ontrak-inc-class-action-alert-wolf-haldenstein-adler-freeman–herz-llp-notifies-investors-that-a-securities-class-action-lawsuit-has-been-filed-in-the-united-states-district-court-for-the-central-district-of-california-against-301244186.html<\/a><\/p>\n

SOURCE Wolf Haldenstein Adler Freeman<\/span> & Herz LLP<\/p>\n<\/p><\/div>\n

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

LEAD PLAINTIFF DEADLINE IS MAY 3, 2021 PR Newswire NEW YORK, March 10, 2021 \/PRNewswire\/ —\u00a0Wolf Haldenstein Adler Freeman & Herz LLP \u00a0announces that \u00a0a federal securities class action lawsuit \u00a0has been filed in the United States District Court for the Central District of California on behalf of investors who purchased or acquired the securities of Ontrak, Inc. (“Ontrak” or the “Company”) (NASDAQ: OTRK) from November 5, 2020, through February 26, 2021 (the “Class Period”). All investors\u00a0who purchased shares of \u00a0Ontrak, Inc.\u00a0and incurred losses are urged to contact the firm immediately at classmember@whafh.com\u00a0or (800) 575-0735 or (212) 545-4774. You may obtain additional information concerning the action or join the caseon our website, www.whafh.com. If \u00a0\u00a0you have incurred losses in the … <\/p>\n

Continue reading “ONTRAK, INC. CLASS ACTION ALERT: Wolf Haldenstein Adler Freeman & Herz LLP notifies 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.”<\/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-454821","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nONTRAK, INC. 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