NEW YORK, Feb. 25, 2014 (GLOBE NEWSWIRE) -- Levi & Korsinsky announces that a class action lawsuit has been commenced in the United States District Court for the Northern District of Illinois on behalf of investors who purchased Merge Healthcare Incorporated ("Merge Healthcare" or the "Company") (Nasdaq:MRGE) common stock between August 1, 2012 and January 7, 2014.
For more information, click here: http://zlk.9nl.com/merge-healthcare.
The complaint alleges that the Company made materially false and/or misleading statements and omitted materially adverse facts regarding the Company's business, operations, and prospects.
On January 8, 2014, the Company announced that the existence and/or value of millions of dollars of customer contracts had been falsified for the six quarters ended September 30, 2013. The Company referred to this falsification as the result of a rogue employee's attempt to reach sales quotas and attain additional compensation. The Company further disclosed that an internal investigation had estimated the value of the falsified contracts at approximately $5.8 and $9.4 million in 2012 and 2013, respectively.
If you suffered a loss in Merge Healthcare you have until March 17, 2014 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff. To obtain additional information, contact Joseph E. Levi, Esq. either via email at firstname.lastname@example.org or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://zlk.9nl.com/merge-healthcare.
Levi & Korsinsky is a national firm with offices in New York, New Jersey, Connecticut and Washington D.C. The firm's 26 attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT: Levi & Korsinsky, LLP Joseph Levi, Esq. Eduard Korsinsky, Esq. 30 Broad Street - 24th Floor New York, NY 10004 Tel: (212) 363-7500 Toll Free: (877) 363-5972 Fax: (212) 363-7171 www.zlk.comSource:Levi & Korsinsky, LLP