{"id":472112,"date":"2021-04-06T15:49:29","date_gmt":"2021-04-06T19:49:29","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=472112"},"modified":"2021-04-06T15:49:29","modified_gmt":"2021-04-06T19:49:29","slug":"scottscott-attorneys-at-law-llp-investigates-ontrak-inc-s-directors-and-officers-for-breach-of-fiduciary-duties-otrk","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/scottscott-attorneys-at-law-llp-investigates-ontrak-inc-s-directors-and-officers-for-breach-of-fiduciary-duties-otrk\/","title":{"rendered":"Scott+Scott Attorneys at Law LLP Investigates Ontrak, Inc.\u2019s Directors and Officers for Breach of Fiduciary Duties \u2013 OTRK"},"content":{"rendered":"

<\/p>\n

Scott+Scott Attorneys at Law LLP Investigates Ontrak, Inc.\u2019s Directors and Officers for Breach of Fiduciary Duties \u2013 OTRK<\/b><\/p>\n

NEW YORK–(BUSINESS WIRE<\/a>)–Scott+Scott Attorneys at Law LLP<\/a> (\u201cScott+Scott\u201d), an international securities and consumer rights litigation firm, is investigating whether certain directors and officers of Ontrak, Inc. (\u201cOntrak\u201d) (NASDAQ: OTRK) breached their fiduciary duties to Ontrak and its shareholders. If you are an Ontrak shareholder, you may contact attorney Joe Pettigrew for additional information toll-free at 844-818-6982 or jpettigrew@scott-scott.com<\/a>.<\/b><\/p>\n

\nScott+Scott is investigating whether members of the Ontrak Board of Directors (the \u201cBoard\u201d) made, or caused Ontrak to make, false and\/or misleading statements, as well as failed to disclose material adverse facts, about Ontrak\u2019s business, operations, prospects, and financial health. Specifically, on March 1, 2021, Ontrak issued a press release announcing preliminary financial results for fourth quarter and full year 2020. Therein, Ontrak stated that its largest customer had terminated its contract with Ontrak, effective June 26, 2021. Ontrak 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 Ontrak 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, Ontrak\u2019s share price fell $27.32, or more than 46%, to close at $31.62 per share on March 1, 2021.\n<\/p>\n

What You Can Do<\/b><\/p>\n

\nIf you are an Ontrak shareholder, you may have legal claims against Ontrak\u2019s directors and officers. If you wish to discuss this investigation, or have questions about this notice or your legal rights, please contact attorney Joe Pettigrew toll-free at 844-818-6982 or jpettigrew@scott-scott.com<\/a>.\n<\/p>\n

About Scott+Scott<\/b><\/p>\n

\nScott+Scott has significant experience in prosecuting major securities, antitrust, and consumer rights actions throughout the United States. The firm represents pension funds, foundations, individuals, and other entities worldwide with offices in New York, London, Amsterdam, Connecticut, California, and Ohio.\n<\/p>\n

\nAttorney Advertising\n<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20210406006078\/en\/<\/a><\/span><\/p>\n

Joe Pettigrew
\n<\/b>
Scott+Scott Attorneys at Law LLP
\n<\/a><\/b>
230 Park Avenue, 17th Floor, New York, NY 10169
\n<\/b>
844-818-6982
\n<\/b>
jpettigrew@scott-scott.com<\/a><\/b><\/p>\n

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

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

MEDIA:<\/b><\/p>\n\n\n\n\n
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Scott+Scott Attorneys at Law LLP Investigates Ontrak, Inc.\u2019s Directors and Officers for Breach of Fiduciary Duties \u2013 OTRK NEW YORK–(BUSINESS WIRE)–Scott+Scott Attorneys at Law LLP (\u201cScott+Scott\u201d), an international securities and consumer rights litigation firm, is investigating whether certain directors and officers of Ontrak, Inc. (\u201cOntrak\u201d) (NASDAQ: OTRK) breached their fiduciary duties to Ontrak and its shareholders. If you are an Ontrak shareholder, you may contact attorney Joe Pettigrew for additional information toll-free at 844-818-6982 or jpettigrew@scott-scott.com. Scott+Scott is investigating whether members of the Ontrak Board of Directors (the \u201cBoard\u201d) made, or caused Ontrak to make, false and\/or misleading statements, as well as failed to disclose material adverse facts, about Ontrak\u2019s business, operations, prospects, and financial health. Specifically, on March 1, … <\/p>\n

Continue reading “Scott+Scott Attorneys at Law LLP Investigates Ontrak, Inc.\u2019s Directors and Officers for Breach of Fiduciary Duties \u2013 OTRK”<\/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-472112","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nScott+Scott Attorneys at Law LLP Investigates Ontrak, Inc.\u2019s Directors and Officers for Breach of Fiduciary Duties \u2013 OTRK - 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\/scottscott-attorneys-at-law-llp-investigates-ontrak-inc-s-directors-and-officers-for-breach-of-fiduciary-duties-otrk\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Scott+Scott Attorneys at Law LLP Investigates Ontrak, Inc.\u2019s Directors and Officers for Breach of Fiduciary Duties \u2013 OTRK - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Scott+Scott Attorneys at Law LLP Investigates Ontrak, Inc.\u2019s Directors and Officers for Breach of Fiduciary Duties \u2013 OTRK NEW YORK–(BUSINESS WIRE)–Scott+Scott Attorneys at Law LLP (\u201cScott+Scott\u201d), an international securities and consumer rights litigation firm, is investigating whether certain directors and officers of Ontrak, Inc. (\u201cOntrak\u201d) (NASDAQ: OTRK) breached their fiduciary duties to Ontrak and its shareholders. If you are an Ontrak shareholder, you may contact attorney Joe Pettigrew for additional information toll-free at 844-818-6982 or jpettigrew@scott-scott.com. Scott+Scott is investigating whether members of the Ontrak Board of Directors (the \u201cBoard\u201d) made, or caused Ontrak to make, false and\/or misleading statements, as well as failed to disclose material adverse facts, about Ontrak\u2019s business, operations, prospects, and financial health. 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