MDRX - SHAREHOLDER ALERT: Levi & Korsinsky LLP Notifies Investors of an Investigation Involving Possible Securities Fraud Violations by Officers of Veradigm Inc.(MDRX) | Benzinga

NEW YORK, Oct. 05, 2023 (GLOBE NEWSWIRE) -- Levi & Korsinsky notifies investors that it has commenced an investigation of Veradigm Inc. ("Veradigm") (NASDAQ:MDRX) concerning possible violations of federal securities laws.

On February 28, 2023, Veradigm disclosed that it "detected certain internal control failures related to revenue recognition that have occurred over the prior six quarters, resulting in a mis-statement to reported revenues during those periods." As a result, the Company reported that it expects "a reduction in revenue from continuing operations of approximately $20 million dollars in the aggregate from what it otherwise reported since the 3rd quarter of 2021 and expected to report for the 4th quarter of 2022." The Company added that it is "continuing to evaluate the materiality of the mis-statement to determine if the full amount of this adjustment will flow ...

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