EQUITY ALERT: Rosen Law Firm Reminds Merge Healthcare Investors of Important March 17, 2014 Class Action Deadline -- MRGE
March 04 2014 - 12:32PM
The Rosen Law Firm, P.A. reminds purchasers of the common stock of
Merge Healthcare Incorporated (Nasdaq:MRGE) between August 1, 2012
to January 7, 2014, of the important March 17, 2014 lead plaintiff
deadline in the class action.
To join the Merge Healthcare class action, visit the firm's
website at http://rosenlegal.com, or call Phillip Kim or Kevin Chan
toll-free at 866-767-3653; you may also email pkim@rosenlegal.com
or kchan@rosenlegal.com for information on the class action.
NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A
CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU
RETAIN ONE. YOU MAY CHOOSE TO DO NOTHING AT THIS POINT AND REMAIN
AN ABSENT CLASS MEMBER.
The lawsuit alleges that Merge Healthcare and certain of its
executive officers and/or directors misrepresented or failed to
disclose that, among other things:
- Merge Healthcare's reported subscription backlog and its
reported increase in backlog were false and overstated during the
six quarters ended September 30, 2013.
- Merge Healthcare was experiencing a continued reluctance among
large health systems to move forward with enterprise
purchases.
- Merge Healthcare failed to properly log and verify customer
contracts and appropriately calculate the commissions of its sales
force.
On this adverse news, the price of Merge Healthcare stock, which
had traded as high as $4.71 per share during the Class Period, fell
to a closing price of $2.11 per share as a result of the alleged
fraud.
If you wish to serve as lead plaintiff, you must move the Court
no later than March 17, 2014. A lead plaintiff is a
representative party acting on behalf of other class members in
directing the litigation. If you wish to join the litigation,
or to discuss your rights or interests regarding this class action,
please contact Phillip Kim or Kevin Chan of The Rosen Law Firm,
toll-free, at 866-767-3653, or via e-mail at pkim@rosenlegal.com or
kchan@rosenlegal.com. You may also visit the firm's website at
http://rosenlegal.com.
The Rosen Law Firm represents investors throughout the globe,
concentrating its practice in securities class actions and
shareholder derivative litigation.
CONTACT: Laurence Rosen, Esq.
Phillip Kim, Esq.
Kevin Chan
The Rosen Law Firm P.A.
275 Madison Avenue 34th Floor
New York, New York 10016
Tel: (212) 686-1060
Toll Free: 1-866-767-3653
Fax: (212) 202-3827
lrosen@rosenlegal.com
pkim@rosenlegal.com
kchan@rosenlegal.com
www.rosenlegal.com
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