Accretive Health, Inc. : Upcoming Deadline: The Law Firm of Levi & Korsinsky Notifies Investors with Losses on Their Investment in Accretive Health, Inc. of Class Action Lawsuit and the Deadline of June 25, 2012 to Seek a Lead Plaintiff Position
06/18/2012| 01:00pm US/Eastern
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Levi & Korsinsky announces that a class action lawsuit has been
commenced in the United States District Court for the Northern District
of Illinois on behalf of investors who purchased Accretive Health, Inc.
("Accretive" or the "Company") (NYSE: AH) stock between March 2, 2011
and April 24, 2012 (the "Class Period").
For more information, click here: http://zlk.9nl.com/accretive-health.
The complaint alleges that during the Class Period, defendants issued
materially false and misleading statements regarding the Company's
business and prospects. Specifically, Accretive failed to disclose that
it was in violation of health privacy laws, state debt collection laws
and consumer protection laws.
In response to a lawsuit filed by Minnesota Attorney General Lori
Swanson, the Company agreed to no longer collect debts on behalf of
Fairview Health Services. On this news, Accretive shares declined 18.5%,
to close at $19.60 per share on March 29, 2012. Then, on April 24, 2012,
Attorney General Swanson released a report detailing Accretive's debt
collection practices, including the demand of payment from patients
currently seeking medical care in hospitals. Upon release of this
information, Accretive shares declined more than 40% to close at $10.75
per share on April 25, 2012.
If you suffered a loss in Accretive you have until June 25, 2012 to
request that the Court appoint you as lead plaintiff. Your ability to
share in any recovery doesn't require that you serve as a lead
plaintiff. To obtain additional information, contact Joseph E. Levi,
Esq. either via email at jlevi@zlk.com
or by telephone at (877) 363-5972, or visit http://zlk.9nl.com/accretive-health.
Levi & Korsinsky is a national firm with offices in New York and
Washington D.C. The firm has extensive expertise in prosecuting
securities litigation involving financial fraud, representing investors
throughout the nation in securities and shareholder lawsuits. For more
information, please feel free to contact any of the attorneys listed
below. Attorney advertising. Prior results do not guarantee similar
outcomes.
Levi & Korsinsky, LLP
Joseph Levi, Esq.
Eduard Korsinsky,
Esq.
30 Broad Street - 24th Floor
New York, NY 10004
Tel:
212-363-7500
Toll Free: 877-363-5972
Fax: 212-363-7171
www.zlk.com
© Business Wire 2012
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