Investors can contact the law firm at no cost to learn more about recovering their losses
LOS ANGELES, March 02, 2023 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises Veradigm Inc. (“Veradigm” or “the Company”) (NASDAQ: MDRX) investors that the firm has initiated an investigation into possible securities fraud and may file a class action on behalf of investors. Veradigm investors that lost money on their investment are encouraged to contact Lesley Portnoy, Esq.
Investors are encouraged to contact attorney Lesley F. Portnoy, by phone 844-767-8529 or email: lesley@portnoylaw.com, to discuss their legal rights, or click here to join the case via www.portnoylaw.com. The Portnoy Law Firm can provide a complimentary case evaluation and discuss investors’ options for pursuing claims to recover their losses.
An inquiry is being conducted to determine if the Company made false or misleading statements, or failed to reveal significant information that would be of interest to investors. On February 28, 2023, Veradigm declared that it discovered certain internal control failures regarding revenue recognition that had taken place over the last six quarters, causing a misstatement in reported revenues during those periods. The Company anticipates a reduction in revenue from continuing operations of about $20 million dollars in total from what it previously reported since the third quarter of 2021 and was anticipating for the fourth quarter of 2022. Veradigm stated that it is assessing the importance of the misstatement to determine if the entire amount of this adjustment will occur in the fourth quarter of 2022 or if prior periods will also require revision. As a result of this news, Veradigm's stock fell by over 13.5% during intraday trading on March 1, 2023.
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The Portnoy Law Firm represents investors in pursuing claims against caused by corporate wrongdoing. The Firm’s founding partner has recovered over $5.5 billion for aggrieved investors. Attorney advertising. Prior results do not guarantee similar outcomes.
Lesley F. Portnoy, Esq.
Admitted CA and NY Bar
lesley@portnoylaw.com
310-692-8883
www.portnoylaw.com
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