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Merge execs step down following investigation

West Allis, Wis. - After conducting a lengthy financial investigation in response to litigation by shareholders, Merge Healthcare has announced the resignations of three executives, including the company founder, and the discovery of material errors in its financial statements.

The stock market fallout that was predicted by company offic......

Full article >>> loper of medical imaging and patient management software. The investigation, conducted for Merge by the law firm Sidley Austin, LLP, and the forensic accounting firm Alvarez and Marshal, LLC, was undertaken following allegations that the company had improper revenue recognition practices, and the filing of seven class action lawsuits in March by people who bought shares of Merge between August 2, ......

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At press time, Merge representatives were unavailable for additional comment.

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Source:wistechnology.com By Les Chappell 07/03/06


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