SHAREHOLDER ALERT: 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 July 19, 2013 to Seek a Lead Plaintiff Position -- AH
NEW YORK, June 27, 2013 (GLOBE NEWSWIRE) -- 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
May 20, 2010 and February 26, 2013 (the "Class Period").
For more information, click here: http://zlk.9nl.com/accretivehealth-ah/.
The complaint alleges that throughout the Class Period defendants failed to
disclose materially adverse facts regarding the Company's business and
prospects. In particular, it is alleged: (a) that the Company improperly
recognized revenue under certain managed service contracts; (b) that the
Company's financial statements were not prepared in accordance with Generally
Accepted Accounting Principles; (c) that the Company lacked adequate internal
and financial controls; and (d) that, as a result of the aforementioned, the
Company's financial statements were materially false and misleading.
On February 26, 2013, Accretive withdrew its financial guidance for fiscal
2012 and announced it would postpone the release of its financial results for
the fourth quarter and year 2012. The Company also acknowledged that an
evaluation of revenue for its revenue cycle management agreements could result
in the need to restate further financial statements.
If you suffered a loss in Accretive you have until July 19, 2013 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
email@example.com or by telephone at (877) 363-5972, or visit
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.
CONTACT: 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
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