How To Select A Law Firm For The Merge Healthcare Incorporated Securities Class Action Lawsuit - Milberg LLP

NEW YORK--(BUSINESS WIRE)--

A securities class action complaint has been filed against Merge Healthcare Incorporated (“Merge Healthcare”) MRGE, on behalf of shareholders who purchased the company's securities between August 1, 2012 and January 7, 2014, (the “Class Period”). Securities class action lawsuits are filed by investors who purchased a public company's stock or bonds within a specific period of time and lost money as a result of securities laws violations.

Securities class action lawsuits, such as the one filed against Merge Healthcare, are initiated to pursue financial recovery from the alleged wrongdoers. The action against Merge Healthcare claims the company did not disclose the existence of falsified contracts, inflated its subscription backlog, and did not acknowledge that demand for its enterprise imaging products was dwindling. On January 8, 2014, Merge Healthcare disclosed to the public that millions of dollars of customer contracts had been falsified for six quarters ending September 30, 2013. In reaction to the news, shares of Merge Healthcare fell to $2.31 per share on January 8, 2014, compared to the Class Period high of $4.61 per share.

After a class action lawsuit is filed, notices are filed by law firms to tell investors about the opportunity to file a lead plaintiff motion. Sixty days after the first notice announcing the class action is issued, investors who are interested in becoming appointed as lead plaintiffs must file a motion with the court, in this case, the Northern District of Illinois. The lead plaintiff is a representative party that acts on behalf of all class members and will be selected by the court. Investors do not need to become lead plaintiffs to recover in the action; they can recover as absent class members.

An investor interested in becoming a lead plaintiff can select any law firm. Selecting an experienced and reputable securities class action law firm is an important task for the lead plaintiff, and can maximize the chances for a meaningful recovery. While there is no official checklist, some common sense factors include: the law firm's track record of successful outcomes and the number and size of its settlements and verdicts. Because securities class actions are expensive to litigate, a law firm should have sufficient capital and qualified resources to litigate the case through trial and appeals. Attorneys at the law firm should be accessible and able to answer questions regarding the case. Law firm websites will often give these, and additional information relevant to the decision.

Milberg LLP has nearly 50 years of experience in prosecuting securities class actions and has recovered approximately $55 billion for investors. Milberg's attorneys come from many different professional backgrounds. Milberg's ability to pursue claims against defendants is augmented by its team of investigators, headed by a 27-year veteran of the Federal Bureau of Investigation, as well as in-house staff with expertise in forensic accounting and financial analysis. There is no cost to being a lead plaintiff or joining the class.

If you wish to discuss the Merge Healthcare class action lawsuit with Milberg, please visit our website or contact the following attorney:

Andrei Rado, Esq.
Milberg LLP
One Pennsylvania Plaza, 49th Fl.
New York, NY 10119-0165
Phone number: 212-594-5300
Email: arado@milberg.com

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