|[January 24, 2014]
Glancy Binkow & Goldberg LLP Announces Class Action Lawsuit on Behalf of Investors of Merge Healthcare Incorporated
LOS ANGELES --(Business Wire)--
Binkow & Goldberg LLP announces that a class action lawsuit has
been filed in the United States District Court for the Northern District
of Illinois on behalf of a class (the "Class") comprising all purchasers
of the common stock of Merge
Healthcare Incorporated ("Merge Healthcare" or the "Company")
(NASDAQ:MRGE) between August 1, 2012 and January 7, 2014, inclusive (the
A COPY OF THE COMPLAINT IS AVAILABLE FROM THE COURT OR FROM GLANCY
BINKOW & GOLDBERG LLP. PLEASE CONTACT US TOLL-FREE AT (888) 773-9224, OR
AT (212) 682-5340, OR BY EMAIL TO SHAREHOLDERS@GLANCYLAW.COM
TO DISCUSS THIS MATTER. IF YOU INQUIRE BY EMAIL PLEASE INCLUDE YOUR
MAILING ADDRESS, TELEPHONE NUMBER AND NUMBER OF SHARES PURCHASED.
Merge Healthcare (News - Alert) develops software solutions that enable hospitals,
imaging centers, integrated delivery networks, and health information
exchanges to create information exchanges withi their environments and
with other entities worldwide. The Complaint alleges that during the
Class Period the Company and certain of its executive officers and/or
directors misrepresented or failed to disclose that, among other things:
The Company's reported subscription backlog and its reported increase
in backlog was false and overstated during the six quarters ended
September 30, 2013.
The Company was experiencing a continued reluctance among large health
systems to move forward with enterprise purchases.
The Company lacked effective internal controls, and its disclosure
controls had not been designed to provide reasonable assurance
regarding the reliability of financial reporting.
The Company's deficient internal controls resulted in the failure to
properly log and verify customer contracts, the failure to
appropriately calculate commissions and the compensation of its sales
force based on purported, and even falsified, contract signings rather
than actual cash collections.
If you are a member of the Class described above, you may move the Court
no later than March 17, 2014, to serve as lead plaintiff; however, you
must meet certain legal requirements. To be a member of the Class, you
need not take any action at this time; you may retain counsel of your
choice or take no action and remain an absent member of the Class. If
you wish to learn more about this action or if you have any questions
concerning this announcement or your rights or interests with respect to
these matters, please contact Michael
Goldberg, Esquire, of Glancy Binkow & Goldberg LLP, 1925 Century
Park East, Suite 2100, Los Angeles, California 90067, Toll Free at (888)
773-9224, or contact Gregory
Linkh, Esquire, of Glancy Binkow & Goldberg LLP at 122 E. 42nd
Street, Suite 2920, New York, New York 10168, at (212) 682-5340, by
e-mail to email@example.com,
or visit our website at http://www.glancylaw.com.
If you inquire by email please include your mailing address, telephone
number and number of shares purchased.
This press release may be considered Attorney Advertising in some
jurisdictions under the applicable law and ethical rules.
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