|
|
Article: SEC Concludes Investigation of Merge Healthcare.
- Article from:
- Investment Weekly News
- Article date:
- November 21, 2009
CopyrightCOPYRIGHT 2009 NewsRX. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Merge Healthcare (NASDAQ: MRGE), a health IT solutions provider, announced its settlement with the SEC of the multi-year investigation into the conduct of two former company executives, and the circumstances which led to a restatement in 2006 of the company's 2002 through 2005 financial statements. This investigation ran concurrent with two shareholder lawsuits, which were resolved in 2008.
The complaint, filed by the SEC in federal court today, charged Merge with record-keeping violations, and charged two of the company's former executives with accounting fraud. In resolving this matter, the SEC decided not to charge the company with fraud nor assess any penalty ...