Grabar Law Office Investigates Claims on Behalf of Current Shareholders Veradigm, Inc. (MDRX)

Philadelphia, Pennsylvania--(Newsfile Corp. - March 1, 2024) - A securities fraud class action lawsuit alleges that Veradigm, Inc. (NASDAQ: MDRX) (OTC: MDRX) 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.

Veradigm has received notice from Nasdaq that the Company remains noncompliant with timely filing of all periodic reports because the Company has not filed its Annual Report on Form 10-K for 2022, Q1, Q2, and Q3 10-Q.

On October 6, 2023, the Company received notice from Nasdaq that the temporary stay of delisting had been extended pending a hearing before the Panel on November 16, 2023, and the issuance of a final Panel decision. A hearing before the Panel was conducted on November 16, 2023, but a final Panel decision has not yet been rendered.

If you have held Veradigm shares since prior to February 26, 2021 and would like to learn more at no cost to you, please visit https://grabarlaw.com/the-latest/veradigm-shareholder-investigation/ or contact Joshua Grabar at jgrabar@grabarlaw.com or Mia Heller at mheller@grabarlaw.com, or call us at 267-507-6085.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/200039