Accretive Health, Inc. : Law Offices of Howard G. Smith Announces Lead Plaintiff Deadline In The Class Action Lawsuit Against Accretive Health, Inc.
06/12/2012| 02:30pm US/Eastern
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Law Offices of Howard G. Smith announces that all purchasers of the
common stock of Accretive Health, Inc. ("Accretive" or the
"Company")(NYSE:AH) between March 2, 2011 and April 24, 2012, inclusive
(the "Class Period"), have until June 25, 2012, to move the Court to
serve as Lead Plaintiff in the securities fraud class action lawsuit
filed in the United States District Court for the Northern District of
Illinois.
Accretive provides revenue cycle management services for hospitals and
healthcare providers. The Complaint alleges that defendants
misrepresented or failed to disclose that, among other things: (a) the
Company was violating privacy standards under the Health Insurance
Portability and Accountability Act and the Health Information Technology
for Economic and Clinical Health Act; (b) the Company failed to encrypt
protected patient health information; (c) the Company was violating its
contract with Minnesota-based Fairview Health Services by failing to
limit access to protected health information; (d) the Company was
violating Minnesota state debt collection laws; (e) the Company was
violating Minnesota consumer protection laws by, among other things,
failing to disclose to patients its extensive involvement in their
healthcare, including the Company's access to and utilization of
healthcare data; and (f), defendants lacked a reasonable basis for their
positive statements about the Company or its revenue outlook.
No class has yet been certified in the above action. Until a class is
certified, you are not represented by counsel unless you retain one. If
you purchased Accretive common stock between March 2, 2011 and April 24,
2012, you have certain rights, and have until June 25 2012, to move for
lead plaintiff status. To be a member of the class you need not take any
action at this time, or may retain counsel of your choice. If you wish
to discuss this action or have questions concerning this Notice or your
rights or interests with respect to these matters, please contact Howard
G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike,
Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847,
Toll Free at (888) 638-4847, or by email to howardsmith@howardsmithlaw.com,
or visit our website at http://www.howardsmithlaw.com.
Law Offices of Howard G. Smith
Howard G. Smith, Esquire
(215)
638-4847
(888) 638-4847
howardsmith@howardsmithlaw.com
http://www.howardsmithlaw.com
© Business Wire 2012
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