Recent Security Class Actions

Veradigm Inc. Common Stock (NASDAQ: MDRX)

Company Name:Veradigm Inc. Common Stock
Stock Symbol:NASDAQ: MDRX
Class Period Start:02/26/2021
Class Period End (inclusive):12/07/2023
Filing Deadline:01/22/2024

The Complaint alleges that Defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (i) Veradigm had overstated its historical revenues by at least $20 million; (ii) Veradigm had artificially inflated its revenue by recording duplicate transactions, among other things, over a more than two-year period; (iii) Veradigm had artificially inflated its earnings and margins and materially misrepresented demand for Veradigm’s products and services; (iv) Veradigm had failed to maintain effective internal controls over its financial reporting; and (v) Veradigm had failed to comply with Generally Accepted Accounting Principles regarding appropriate revenue recognition practices.