Class Action Complaint Against Allscripts, Inc. and Its President and Chief Financial Officer Alleging Violations of Federal Securities Law Filed by Rabin & Peckel LLP.Business/Legal Editors NEW YORK--(BUSINESS WIRE)--November 3, 2000 A class action complaint has been filed in the United States District Court for the District of Massachusetts The United States District Court for the District of Massachusetts is the Federal district court whose jurisdiction is the Commonwealth of Massachusetts. The first court session was held in Boston in 1789. on behalf of all persons or entities who purchased Allscripts, Inc. ("Allscripts" or the "Company") common stock (Nasdaq: MDRX) during the period between July 27, 2000 and October 26, 2000, both dates inclusive (the "Class Period"). The Complaint alleges that Allscripts and its President and Chief Financial Officer, David B. Mullen, violated the Securities Exchange Act of 1934 by making a series of materially false and misleading statements concerning the Company's financial results during the Class Period. In particular, it is alleged that reported revenue for the second quarter of 2000 was overstated o·ver·state tr.v. o·ver·stat·ed, o·ver·stat·ing, o·ver·states To state in exaggerated terms. See Synonyms at exaggerate. o by $500,000 as the result of improper revenue recognition. The Complaint alleges that as a result of these false and misleading statements the price of Allscripts common stock was artificially inflated throughout the Class Period causing plaintiff and the other members of the Class to suffer damages. Plaintiff is represented by the law firm of Rabin & Peckel LLP LLP - Lower Layer Protocol . Rabin & Peckel LLP and its predecessor firms have devoted its practice to shareholder class actions and complex commercial litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. for more than thirty years and have recovered hundreds of millions of dollars for shareholders in class actions throughout the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . If you purchased Allscripts common stock during the Class Period described above, you may, no later than January 2, 2001, move the Court to serve as lead plaintiff. To serve as lead plaintiff, however, you must meet certain legal requirements. If you wish to discuss this action or have any questions concerning this announcement, or your rights or interests, please contact plaintiff's counsel, Elana M. Bourkoff or Joseph V. McBride, Rabin & Peckel LLP, 275 Madison Avenue Madison Avenue, celebrated street of Manhattan, borough of New York City. It runs from Madison Square (23d St.) to the Madison Bridge over the Harlem River (138th St.). In the 1940s and 50s, some of the major U.S. , New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , NY 10016, by telephone at (800) 497-8076 or (212) 682-1818, by facsimile at (212) 682-1892, by e-mail at email@rabinlaw.com. |
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