NEW YORK--(BUSINESS WIRE)--
class action complaint has been filed against Merge Healthcare
Incorporated ("Merge Healthcare") (NASDAQ:MRGE), on behalf of
shareholders who purchased the company's securities between August 1,
2012 and January 7, 2014, (the "Class Period"). Securities class action
lawsuits are filed by investors who purchased a public company's stock
or bonds within a specific period of time and lost money as a result of
securities laws violations.
Securities class action lawsuits, such as the one filed against Merge
Healthcare, are initiated to pursue financial recovery from the alleged
wrongdoers. The action against Merge Healthcare claims the company did
not disclose the existence of falsified contracts, inflated its
subscription backlog, and did not acknowledge that demand for its
enterprise imaging products was dwindling. On January 8, 2014, Merge
Healthcare disclosed to the public that millions of dollars of customer
contracts had been falsified for six quarters ending September 30, 2013.
In reaction to the news, shares of Merge Healthcare fell to $2.31 per
share on January 8, 2014, compared to the Class Period high of $4.61 per
After a class action lawsuit is filed, notices are filed by law firms to
tell investors about the opportunity to file a lead plaintiff motion.
Sixty days after the first notice announcing the class action is issued,
investors who are interested in becoming appointed as lead plaintiffs
must file a motion with the court, in this case, the Northern District
of Illinois. The lead plaintiff is a representative party that acts on
behalf of all class members and will be selected by the court. Investors
do not need to become lead plaintiffs to recover in the action; they can
recover as absent class members.
An investor interested in becoming a lead plaintiff can select any law
firm. Selecting an experienced and reputable securities
class action law firm is an important task for the lead plaintiff,
and can maximize the chances for a meaningful recovery. While there is
no official checklist, some common sense factors include: the law firm's
track record of successful
outcomes and the number and size of its settlements and verdicts.
Because securities class actions are expensive to litigate, a law firm
should have sufficient capital and qualified resources to litigate the
case through trial and appeals. Attorneys at the law firm should be
accessible and able to answer questions regarding the case. Law firm
websites will often give these, and additional information relevant to
Milberg LLP has nearly 50 years of experience in prosecuting securities
class actions and has recovered approximately $55 billion for investors.
Milberg's attorneys come from many different professional backgrounds.
Milberg's ability to pursue claims against defendants is augmented by
its team of investigators, headed by a 27-year veteran of the Federal
Bureau of Investigation, as well as in-house staff with expertise in
forensic accounting and financial analysis. There is no cost to being a
lead plaintiff or joining the class.
If you wish to discuss the Merge Healthcare class action lawsuit with
Milberg, please visit
our website or contact the following attorney:
Andrei Rado, Esq.
One Pennsylvania Plaza, 49th Fl.
York, NY 10119-0165
Phone number: 212-594-5300
Attorney Advertising.Prior Results Do Not Guarantee A Similar
Source: Milberg LLP