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Lieff Cabraser Heimann & Bernstein, LLP reminds investors of the July 19, 2013 deadline to move for appointment as lead plaintiff in the securities putative
class action brought on behalf all persons who purchased or otherwise acquired the securities of Accretive Health, Inc. (“Accretive” or the “Company”) (NYSE: AH) between May 20, 2010 and February 26, 2013, inclusive (the “Class Period”), including purchasers of the Company’s securities pursuant or traceable to the Company’s initial public offering (“IPO”) on or about May 20, 2010 and purchasers of the Company’s securities pursuant or traceable to the Company’s secondary public offering (“SPO”) on or about March 25, 2011.
If you purchased or otherwise acquired Accretive securities during the Class Period, including in connection with the Company’s IPO or SPO, you may move the Court for appointment as lead plaintiff by no later than July 19, 2013. A lead plaintiff is a representative party who acts on behalf of other class members in directing the litigation. Your share of any recovery in the action will not be affected by your decision of whether to seek appointment as lead plaintiff. You may retain Lieff Cabraser, or other attorneys, as your counsel in the action.
Accretive investors who wish to learn more about the action and how to seek appointment as lead plaintiff should click here or contact Michael J. Miarmi of Lieff Cabraser toll-free at 1-800-541-7358.
The Complaint charges Accretive and other defendants with violations of federal securities laws.
On February 26, 2013, the Company withdrew its financial guidance for fiscal 2012 and warned that, if it determined that it had incorrectly recognized revenue for its revenue cycle management agreements, it “may be required to restate prior-period financial statements.” On this news, shares of Accretive stock dropped $2.54 per share, or almost 21%, to close on February 27, 2013 at $9.57 per share. Subsequently, the Company disclosed that it would restate its historical financial statements for 2010, 2011, and 2012.