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Milberg LLP announces that class action lawsuits were filed in the United States District Court for the Northern District of Illinois on behalf of purchasers of Accretive Health, Inc. (“Accretive Health” or the “Company”) (NYSE:AH) common stock between March 2, 2011 and April 24, 2012, (the “Class Period”).
Milberg LLP has created a website (
http://www.AccretiveHealthStockLawsuit.com) that seeks to answer common questions about shareholder class actions.
The complaints allege that defendants violated the Securities Exchange Act of 1934 because the company did not disclose that it was violating health privacy laws, state debt collection laws and state consumer protection laws.
On April 24, 2012, the Minnesota Attorney General released a report that highlighted aggressive practices used by Accretive Health, including demanding payment from people seeking care in emergency rooms and gaining access to private medical records. In reaction to the news, shares of Accretive Health plummeted 41% to close at $10.86 per share on April 25, 2012.
If you purchased Accretive Health shares during the Class Period you may, no later than June 25, 2012, request that the Court appoint you lead plaintiff of the proposed class. A lead plaintiff is a class member that represents other class members in directing the litigation. Your share in any recovery will not be affected by serving as a lead plaintiff, however, lead plaintiffs make important decisions that could affect the overall recovery for class members. You do not need to be a lead plaintiff to recover. You may retain Milberg LLP, or other attorneys, for this action, but do not need to retain counsel to recover. If this action is certified as a class action, class members will be automatically represented by Court-appointed counsel. The complaints in these actions were not filed by Milberg.
Milberg LLP has represented individual and institutional investors for over four decades and serves as lead counsel in Courts throughout the United States. Visit the Milberg website (
www.milberg.com) for more information about the firm. If you wish to discuss this matter with us, please contact the following attorneys: