Investors can contact the law firm at no cost to learn more about recovering their losses
LOS ANGELES, March 20, 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.
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.
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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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