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Stock impact report

ONTRAK ALERT: Bragar Eagel & Squire, P.C. is Investigating OnTrak, Inc. on Behalf of Long-Term Stockholders and Encourages Investors to Contact the Firm [MarketWatch]

Ontrak, Inc. (OTRK) 
Company Research Source: MarketWatch
NEW YORK, (BUSINESS WIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, is investigating potential claims against Ontrak, Inc. (NASDAQ: OTRK) on behalf of long-term stockholders following a class action complaint that was filed against Ontrak on March 3, 2021. Our investigation concerns whether the board of directors of OnTrak have breached their fiduciary duties to the company. The complaint alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company's business, operations, and prospects. Specifically, Defendants failed to disclose to investors: (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 Show less Read more
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