Kendall Law Group, a national leader in securities litigation, announces its investigation into the business practices of athenahealth, Inc. (NASDAQ:ATHN) and potential violations of the securities laws. If you purchased ATHN stock and suffered a loss, contact Hamilton Lindley at 877-744-3728 or by email at hlindley@kendalllawgroup.com to learn more about your rights are a shareholder.
On February 25, 2010, athenahealth announced the need to postpone the release of the financial results for the fourth quarter of 2009 and the full year 2009, in order to conduct an internal accounting policy review and determine whether the period of amortization for deferred implementation revenue should be extended to a longer expected performance period. The statement indicates that if this change is necessary, the Company would also restate the financial statements for the prior year. On this news, shares dropped 15% to close at $36.84 per share on February 26, 2010.
Kendall Law Group is led by a former federal judge experienced in recovering millions for defrauded shareholders. The firm includes a former United States Attorney, state judge, prosecutors, and securities lawyers who are experienced in complex securities litigation. Contact a firm with substantial experience representing investors in securities lawsuits nationwide for advice on your rights as an ATHN shareholder.
Contacts:
Kendall Law Group LLP
Hamilton Lindley, 214-744-3000
Toll
Free: 877-744-3728
Facsimile: 214-744-3015
hlindley@kendalllawgroup.com
www.kendalllawgroup.com