INVESTIGATION ALERT: The Gross Law Firm Notifies Shareholders of Veradigm Inc. of an Investigation and Potential Class Action Lawsuit - (NASDAQ: MDRX)
NEW YORK, July 26, 2023 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of Veradigm Inc.:
Veradigm announced on February 28, 2023 that they had discovered internal control failures related to revenue recognition over the previous six quarters, resulting in misstated reported revenues during that time. This has led to an expected reduction in revenue of approximately $20 million dollars from what was reported in the third quarter of 2021 and what was expected to be reported in the fourth quarter of 2022. Veradigm is still evaluating the materiality of the misstatement to determine if prior periods will also require adjustment. Consequently, the company revised its 2023 guidance downward and announced a delay in filing its 2022 annual report. As a result, Veradigm's share price fell by up to 14.7% during intraday trading on March 1, 2023, causing harm to investors.
Due to the forgoing, The Gross Law Firm is investigating potential securities fraud claims on behalf of certain Veradigm investors. If you incurred a loss on your MDRX investment, please contact us using the link below to discuss your rights.
https://securitiesclasslaw.com/securities/veradigm-loss-submission-form/?id=42576&from=4
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: [email protected]
Phone: (646) 453-8903
SOURCE The Gross Law Firm
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