NEW
YORK, Jan. 12, 2024 /PRNewswire/ -- The Gross
Law Firm issues the following notice to shareholders of Veradigm
Inc..
Shareholders who purchased shares of MDRX during the class
period listed are encouraged to contact the firm regarding possible
lead plaintiff appointment. Appointment as lead plaintiff is not
required to partake in any recovery.
CONTACT US HERE:
https://securitiesclasslaw.com/securities/veradigm-loss-submission-form/?id=63279&from=4
CLASS PERIOD: February 26,
2021 to June 13, 2023
ALLEGATIONS: The complaint alleges that
during the class period, Defendants issued materially false and/or
misleading statements and/or failed to disclose that: (a) Veradigm
had overstated its historical revenues by at least $20 million; (b) Veradigm had artificially
inflated its revenue by recording duplicate transactions, among
other things, over a more than two-year period; (c) Veradigm had
artificially inflated its earnings and margins and materially
misrepresented demand for the Company's products and services
during the class period; (d) Veradigm had failed to maintain
effective internal controls over its financial reporting; (e)
Veradigm had failed to comply with Generally Accepted Accounting
Principles ("GAAP") regarding appropriate revenue recognition
practices; and (f) as a result of the foregoing, the Company's
financial projections were materially false and misleading and
lacked any reasonable basis.
DEADLINE: January 22, 2024
Shareholders should not delay in registering for this class action.
Register your information here:
https://securitiesclasslaw.com/securities/veradigm-loss-submission-form/?id=63279&from=4
NEXT STEPS FOR SHAREHOLDERS: Once you register as a
shareholder who purchased shares of MDRX during the timeframe
listed above, you will be enrolled in a portfolio monitoring
software to provide you with status updates throughout the
lifecycle of the case. The deadline to seek to be a lead plaintiff
is January 22, 2024. There is no cost
or obligation to you to participate in this case.
WHY GROSS LAW FIRM? The Gross Law Firm is a nationally
recognized class action law firm, and our mission is to protect the
rights of all investors who have suffered as a result of deceit,
fraud, and illegal business practices. The Gross Law
Firm is committed to ensuring that companies adhere to responsible
business practices and engage in good corporate citizenship. The
firm seeks recovery on behalf of investors who incurred losses when
false and/or misleading statements or the omission of material
information by a company lead to artificial inflation of the
company's stock. Attorney advertising. Prior results do not
guarantee similar outcomes.
CONTACT:
The Gross Law Firm
15 West 38th Street, 12th floor
New York, NY, 10018
Email: dg@securitiesclasslaw.com
Phone: (646) 453-8903
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SOURCE The Gross Law Firm