ATTENTION SHAREHOLDERS: Accretive Healthcare, Inc (AH) Under Investigation by The Young Law Firm For Possible Violations of Federal Securities Laws
PHOENIXVILLE, Pa.--(BUSINESS WIRE)--The Young Law Firm is investigating potential claims on behalf of investors in Accretive Healthcare, Inc (“Accretive Healthcare” or the “Company”) concerning possible violations of federal securities laws. The investigation concerns when the Company recognized revenue.
Accretive Healthcare provides healthcare services. On February 26, 2013 the Company announced that it would postpone the release of its financial results for the fourth quarter and full year 2012 because it was evaluating the timing of revenue recognition for its revenue cycle management agreements and that the Company may be required to restate prior-period financial statements. The Company further announced that it expected to delay the filing of its Annual Report on Form 10-K for the year ended December 31, 2012 and that the Company was withdrawing prior financial guidance provided on November 7, 2012. Following the Company’s announcement on February 26, 2013, the trading price of the Company’s stock decreased on unusually heavy volume. Subsequently, the Company would announce that it had concluded that the timing of revenue recognition under certain managed service contracts was incorrect and that the Company’s Audit Committee had determined that the Company would restate previously issued financial statements.
Shareholders have rights. If you purchased Accretive Healthcare stock between May 9, 2012 and February 26, 2013 and would like to learn more about these matters, please contact:
Henry Young Esq.
The
Young Law Firm
Toll Free: (888) 452-7252
Email:
contact@theyounglf.com
or
visit: www.theyounglf.com/accretive-healthcare-ah-securities-fraud-class-action/
The Young Law Firm is a national shareholder litigation firm located outside of Philadelphia, Pa. We protect individual and institutional investors in state and federal courts nationwide. For more information about the firm and class action cases in general, please visit our website: www.theyounglf.com.
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