NEW YORK, NY -- (Marketwire) -- 08/04/09 -- Shalov Stone Bonner & Rocco LLP announces that
a class action lawsuit has been filed on behalf of purchasers of
Allscripts-Misys Healthcare Solutions, Inc. (formerly known as Allscripts
Healthcare Solutions, Inc.) ("Allscripts" or the "Company") (NASDAQ: MDRX)
common stock during the period from May 8, 2007 to February 13, 2008,
inclusive (the "Class Period"). The lawsuit is pending in the United States
District Court for the Northern District of Illinois.
The complaint charges Allscripts and certain of its officers and directors
with violations of the Securities Exchange Act of 1934. Allscripts develops
and sells software applications to healthcare organizations. According to
the complaint, in May 2007, the Company went "live" with the newest version
of its EHR clinical software, Touchworks, v.11. The complaint alleges that,
during the Class Period, defendants issued materially false and misleading
statements regarding the Company's business, by among other things failing
to disclose that Allscripts was not able to install Touchworks v.11
software at customer sites and was experiencing delays in the installation
of these software systems and that the complexity and other issues relating
to Touchworks v.11 software had adversely lengthened the sales cycle and
revenue recognition cycle negatively impacting future revenues. On February
13, 2008, Allscripts released its actual 2007 financial results, reporting
2007 lower than expected revenues and it later disclosed that Touchworks
v.11 issues and installation delays would negatively impact sales and
earnings into 2008. In response to those announcements, the price of
Allscripts common shares fell $4.12 per share, closing at $11.27 on
February 14, 2008.
Shalov Stone Bonner & Rocco LLP has extensive experience in the prosecution
of class actions on behalf of investors. For more information about the
firm, please visit its website at: www.lawssb.com
If you would like additional information about the lawsuit or would like to
participate in it, please contact investor rights attorney Amanda C.
Scuder, at Shalov Stone Bonner & Rocco LLP, 485 Seventh Avenue, Suite 1000,
New York, New York 10018 (telephone: (212) 239-4340; email:
ascuder@lawssb.com).
Attorney advertising. Prior results do not guarantee a similar outcome.
CONTACT:
Amanda C. Scuder
Attorney
SHALOV STONE BONNER & ROCCO LLP
Telephone: (212) 239-4340
Facsimile: (212) 239-4310
Email: Email Contact
http://www.lawssb.com