DENVER, Feb. 26, 2010 (GLOBE NEWSWIRE) -- The law firm of Dyer & Berens LLP (www.DyerBerens.com) announced today that it has initiated its own investigation concerning losses suffered by certain athenahealth, Inc. investors (Nasdaq:ATHN).
On February 4, 2010, athenahealth announced a significant downward revision of its "adjusted" earnings for 2009. Thereafter, at least one commentator questioned the manner in which company management handled the accounting problem after it was reportedly brought to its attention by an analyst months earlier. The same commentator further noted that company insiders had unloaded more than $25 million in stock in the previous 12 months. Then, on February 26, 2010, the company announced that it would postpone the release of its financial results to conduct an internal accounting policy review. On this news, athenahealth's stock price plummeted more than 14%.
If you are an athenahealth shareholder and believe you were harmed by the conduct described above or have information relevant to the investigation, you may contact Jeffrey A. Berens, Esq. at 1-888-300-3362 or via email at jeff@dyerberens.com.
The law firm of Dyer & Berens LLP focuses on complex class action litigation on behalf of injured investors throughout the nation. The firm's extensive experience in securities litigation, particularly in cases brought under the Private Securities Litigation Reform Act, has contributed to the recovery of hundreds of millions of dollars for aggrieved investors. For more information about the firm, please go to www.DyerBerens.com.