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Omnicare, Inc OCR Securities Stock Fraud

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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:
Englewood Cliffs, NJ: A securities class action lawsuit has been filed in the United States District Court for the Eastern District of Kentucky on behalf of all purchasers of shares of common stock of Omnicare, Inc. ("Omnicare") during a class period of January 10, 2007 to August 5, 2010.

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.

Omnicare, Inc OCR Securities Fraud Legal Help

If you have suffered from financial losses, you may qualify for damages or remedies that may be awarded in a possible Omnicare, Inc securities class action lawsuit. Please fill in our form on the right to submit your complaint for a free evaluation.

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