Merge Technologies Hit By Class Action Suit (MRGE)

Mar.23.06 | About: Merge Healthcare (MRGE)

Merge Technologies (MRGE) has been hit with a class action lawsuit by Wolf Haldenstein. Details available at www.whafh.com.

The gist of the action is a long history of misrepresenting the financial condition of the company. Merge has recently had to delay issuing its financial results due to audit difficulties. The lawsuit maintains that many of the company's press releases were misleading.