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Merge president steps down in wake of shareholder suits

West Allis, Wis. - In the wake of shareholder lawsuits alleging violations of federal securities law, the board of directors of Merge Technologies, Inc. has accepted the resignation of company president and CEO Richard Linden.

Bill Mortimore, who founded the company and served as its chief executive officer from 1987 to 2000, has been appointed a......

Full article >>> sure issues facing the company as quickly as possible," Dunham added.

Shareholder unrest

The lawsuits represent people who bought shares of Merge between August 2, 2005, and March 16, 2006. The lawsuits against Merge were filed less than one week after the company acknowledged that it expects to report "material weaknesses" related to its internal controls over financial r......

Full article >>> current in its SEC filings as soon as possible, and we are devoting significant resources to this effort," stated Dennis Brown, chairman of the company's Audit Committee.

On March 20, Merge received written notification from the NASDAQ Stock Market that its common stock was subject to delisting because it did not timely file its 2005 annual report. In April, representatives of the compan......

Full article >>>
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Source:wistechnology.com By Joe Vanden Plas 05/16/06


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