| Company: | Omnicare, Inc |
| Ticker Symbol: | OCR |
| Class Period: | Jan-10-07 to Aug-5-10 |
| Date Filed: | Aug-24-11 |
| Lead Plaintiff Deadline: | Oct-23-11 |
| Court: | District of Kentucky |
| Allegations: | |
The class action seeks to recover damages on behalf of plaintiff and a class of all other individual and institutional investors who purchased or otherwise acquired shares of Omnicare common stock during the class period. The defendants in the case are Omnicare, Joel Gemunder, David W. Frosel, Jr., and John L. Workman. The complaint alleges that defendants violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 by concealing material information and making false and misleading statements relating to Omnicare's business and financial condition, particularly with respect to a widespread scheme to defraud the federal Medicare program and several state Medicaid programs by submitting claims for reimbursement for services that did not conform with Medicare and Medicaid regulations.
If you acquired the securities of the defendants during the Class Period you may, no later than the Lead Plaintiff Deadline shown above, request that the Court appoint you as lead plaintiff through counsel of your choice. You may also choose to remain an absent class member. A lead plaintiff must meet certain requirements.
