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Case Status:    DISMISSED    
On or around 01/29/2019 (Court's order of dismissal)

Filing Date: December 18, 2018

According to the Complaint, Athenahealth offers hospitals software services focusing on medical records, revenue cycle, patient engagement, care coordination and population health. The software, called athenaNet, allows hospitals to handle the business side of medicine through one interface. Most of the Company’s revenues are generated as a percentage of payments collected by the hospital via athenaNet. Over the past five years, revenues have almost doubled—from $563.2 million in 2013 to $1.1 billion in 2017.

The Complaint alleges that Defendants caused a materially incomplete and misleading preliminary proxy statement (the “Proxy”) to be filed with the Securities and Exchange Commission (“SEC”) on December 4, 2018. The Proxy recommends that athenahealth shareholders vote in favor of a proposed transaction (the “Proposed Transaction”) whereby athenahealth is acquired by Veritas and Evergreen for $135.00 per share (the “Merger Consideration”). The deal is valued at approximately $5.68 billion and is expected to close in the first quarter of 2019.

This case was voluntarily dismissed on January 25, 2019.

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 #: 18-CV-12602
JUDGE: Hon. Douglas P. Woodlock
DATE FILED: 12/18/2018
CLASS PERIOD START: 11/12/2018
CLASS PERIOD END: 12/18/2018
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Hutchings, Barsamian, Mandelcorn & Zeytoonian, LLP
  2. Rowley Law PLLC
No Document Title Filing Date
—Reference Complaint Complaint Related Data is not available
—Related District Court Filings Data is not available