According to the Complaint, Veradigm Inc. (formerly Allscripts Healthcare Solutions, Inc.) is a healthcare technology company that offers electronic health records, financial management, population health management, and consumer solutions to over 300,000 U.S. healthcare providers.

The Complaint alleges that Defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (i) Veradigm had overstated its historical revenues by at least $20 million; (ii) Veradigm had artificially inflated its revenue by recording duplicate transactions, among other things, over a more than two-year period; (iii) Veradigm had artificially inflated its earnings and margins and materially misrepresented demand for Veradigm’s products and services; (iv) Veradigm had failed to maintain effective internal controls over its financial reporting; and (v) Veradigm had failed to comply with Generally Accepted Accounting Principles regarding appropriate revenue recognition practices.

The Plaintiff in this case filed an Amended Complaint on January 5, 2024. On March 1, the Court issued an Order appointing Lead Plaintiff and Counsel.

On April 30, 2025, Lead Plaintiff filed a second Amended Complaint. Lead Plaintiff filed a corrected second Amended Complaint on May 7. Defendants filed Motions to Dismiss the second Amended Complaint on July 28.