SOURCE: Dyer & Berens LLP

Dyer & Berens LLP

March 25, 2010 15:33 ET

Dyer & Berens LLP Announces Class Action on Behalf of Certain athenahealth, Inc. Investors --ATHN

DENVER, CO--(Marketwire - March 25, 2010) -  Dyer & Berens LLP (www.DyerBerens.com) today announced that a class action lawsuit has been filed in the United States District Court for the District of Massachusetts on behalf of investors who purchased or otherwise acquired the securities of athenahealth, Inc. (NASDAQ: ATHN) between October 29, 2009 and February 25, 2010, inclusive (the "Class Period").

For a free consultation regarding your rights and interests as an athenahealth shareholder, you may contact Jeffrey A. Berens, Esq. at (888) 300-3362, (303) 861-1764, or via email at jeff@dyerberens.com. If you purchased or otherwise acquired athenahealth shares during the Class Period, you may, no later than May 18, 2010, request that the court appoint you as a lead plaintiff for the class. A lead plaintiff is a class member that acts on behalf of other investors in directing the litigation. Members of the putative class may seek appointment through counsel of their choice, or may choose to do nothing and remain absent class members. Although investors' ability to share in any recovery is not affected by their decision to seek appointment, lead plaintiffs make important decisions which could affect the overall recovery for class members.

On February 25, 2010, after the market closed, athenahealth announced that its previously reported financial statements could no longer be relied upon, and that the Company would likely need to restate prior financial statements based on its methodology for calculating implementation revenue. Upon the disclosure of this news, athenahealth common stock plummeted almost 13%, falling from a closing price of $43.52 per share on February 25, 2010 to a closing price of $37.96 per share on February 26, 2010.

To review a copy of the complaint, please contact Dyer & Berens LLP via telephone or email, or go to our website at www.DyerBerens.com. While the firm did not file the complaint in this matter, it specializes in complex class action litigation on behalf of injured investors throughout the nation. The firm's extensive experience in securities litigation, particularly in cases brought under the Private Securities Litigation Reform Act, has contributed to the recovery of hundreds of millions of dollars for aggrieved investors. 

Contact Information

  • Contact:

    Jeffrey A. Berens
    Dyer & Berens LLP
    303 East 17th Avenue, Suite 300
    Denver, CO 80203
    Tel: (888) 300-3362 or (303) 861-1764
    Email: Email Contact