Case Page

 

Case Status:    DISMISSED    
On or around 09/30/2011 (Date of order of final judgment)

Filing Date: March 19, 2010

According to the complaint filed March 19, 2010, on February 25, 2010, after the market closed, the defendant announced that its previously reported financial statements could no longer be relied upon, and that the Company would likely need to restate prior financial statements based on its methodology for calculating implementation revenue. Upon the disclosure of this news, athenahealth common stock plummeted almost 13%, falling from a closing price of $43.52 per share on February 25, 2010 to a closing price of $37.96 per share on February 26, 2010.

On June 3, 2010, Judge George A. O’Toole, Jr., granted the motion to appoint the Waterford Township General Employees Retirement System as Lead Plaintiff and approved the Lead Plaintiff’s selection of Robbins Geller Rudman & Dowd LLP as Lead Counsel and Hutchings, Barsamian, Mandelcorn & Zeytoonian LLP as Liaison Counsel. On August 2, 2010, the lead plaintiff filed an Amended Class Action Complaint, and the defendants responded by filing a motion to dismiss on October 1, 2010. The motion was granted on September 30, 2011. The civil case is now terminated.

COMPANY INFORMATION:

Sector: Services
Industry: Business Services
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol: ATHN
Company Market: NASDAQ
Market Status: Public (Listed)

About the Company & Securities Data


"Company" information provides the industry and sector classification and headquarters state for the primary company-defendant in the litigation. In general, "Securities" information provides the ticker symbol, market, and market status for the underlying securities at issue in the litigation.

In most cases, the primary company-defendant actually issued the securities that are the subject of the litigation, and the securities information and company information relate to the same entity. In a small subset of cases, however, the primary company-defendant is not the issuer (for example, cases against third party brokers/dealers), and the securities information and company information do not relate to the same entity.
COURT: D. Massachusetts
DOCKET #: 10-CV-10477
JUDGE: Hon. George A. OToole, Jr
DATE FILED: 03/19/2010
CLASS PERIOD START: 10/29/2009
CLASS PERIOD END: 02/25/2010
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Berman DeValerio Pease Tabacco Burt & Pucillo (MA)
    One Liberty Square, Berman DeValerio Pease Tabacco Burt & Pucillo (MA), MA 2109
    617.542.8300 617.230.0903 · info@bermanesq.com
  2. Pomerantz Haudek Block Grossman & Gross LLP (Chicago)
    10 South LaSalle Street, Suite 3505, Pomerantz Haudek Block Grossman & Gross LLP (Chicago), IL 60603
    312.377.1181 312.377.1181 ·
  3. Pomerantz LLP (New York)
    600 Third Avenue, Pomerantz LLP (New York), NY 10016
    212.661.1100 212.661.8665 · info@pomerantzlaw.com/
No Document Title Filing Date
COURT: D. Massachusetts
DOCKET #: 10-CV-10477
JUDGE: Hon. George A. OToole, Jr
DATE FILED: 08/02/2010
CLASS PERIOD START: 09/20/2007
CLASS PERIOD END: 02/25/2010
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Robbins Geller Rudman & Dowd LLP (Boca Raton)
    120 East Palmetto Park Road, Suite 500, Robbins Geller Rudman & Dowd LLP (Boca Raton), FL 33432
    561.750.3000 561.750.3364 ·
No Document Title Filing Date