MDRX - Veradigm (MDRX) Faces Securities Fraud Lawsuit Alleging Accounting Fraud New Management Team Reduces Guidance- Hagens Berman | Benzinga

SAN FRANCISCO, Jan. 11, 2024 (GLOBE NEWSWIRE) -- Hagens Berman urges Veradigm Inc. (NASDAQ:MDRX) investors who suffered substantial losses to submit your losses now.

Class Period: Feb. 26, 2021 – June 13, 2023
Lead Plaintiff Deadline: Jan. 22, 2024
Visit: www.hbsslaw.com/investor-fraud/MDRX  
Contact An Attorney Now: MDRX@hbsslaw.com
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Veradigm Inc. (MDRX) Securities Fraud Class Action:

On Jan. 10, 2024, Veradigm's new leadership team provided updated fiscal year 2023 guidance, revising estimates issued on Sep. 18, 2023 under previous management. Significantly, Dr. Shih-Yin Ho, Interim CEO, and Lee Westerfield, Interim CFO, reduced the company's estimated revenues by $7-$13 million and adjusted EBITA by $35-$38 million.

Ho and Westerfield have taken the helm at a tumultuous time for Veradigm. Last month, Veradigm announced that as a result of its ongoing internal investigation relating to the company's financial reporting, its board requested the immediate resignations of the company's CEO (Richard J. Poulton) and CFO (Leah S. Jones).

Poulton's and Jones' abrupt departure almost immediately followed the filing of an investor class action suit brought against Veradigm, Poulton and jones.

Specifically, investors allege Defendants misrepresented and concealed that ...

MDRX) Faces Securities Fraud Lawsuit Alleging Accounting Fraud, New Management Team Reduces Guidance- Hagens Berman>Full story available on Benzinga.com