Allscripts-Misys Healthcare Solutions faces shareholder class action lawsuit

FOR IMMEDIATE RELEASE
(Free-Press-Release.com) October 8, 2009 -- An investor in Allscripts-Misys Healthcare Solutions (Public, NASDAQ:MDRX) has filed a proposed securities class action lawsuit the United States District Court for the Northern District of Illinois on behalf of purchasers of Allscripts-Misys Healthcare Solutions, Inc. (formerly known as Allscripts Healthcare Solutions, Inc.) (NYSE: MDRX) common stock during the period from May 8, 2007 to February 13, 2008 against Allscripts-Misys Healthcare Solutions and others alleging violations of Federal Securities Laws.

If you purchased Allscripts-Misys Healthcare Solutions, Inc. (formerly known as Allscripts Healthcare Solutions, Inc.) (NYSE: MDRX) common stock during the period from May 8, 2007 to February 13, 2008, you have certain options and there are strict and short deadlines running. Deadline: October 02, 2009. Those investors and current long term investors should contact the Shareholders Foundation, Inc at:

Email: mail@shareholdersfoundation.com

Or call us at: +1 (858) 779 - 1554

According to the complaint the plaintiff alleges that Allscripts-Misys Healthcare Solutions and certain of its officers and directors violated the Securities Exchange Act of 1934 by issuing between May 8, 2007 and February 13, 2008 materially false and misleading statements regarding Allscripts-Misys Healthcare Solutions’s business prospects. According to the complaint, during May 2007, Allscripts-Misys Healthcare Solutions went "live” with the newest version of its EHR clinical software, Touchworks, version 11 ("V-11”). Among other thing the complaint further alleges that Allscripts-Misys Healthcare Solutions lacked the necessary resources to install V-11 software at customer sites, that Allscripts-Misys Healthcare Solutions had no historical basis to estimate the completion of V-11 or the impact V-11 sales might have on its 2007 revenues and earnings, and that Allscripts-Misys Healthcare Solutions was currently experiencing adverse and continuing delays in the installation of V-11 software systems. Then on February 13, 2008, Allscripts-Misys Healthcare Solutions released its actual 2007 financial results, reporting 2007 revenue of $281.9 million or $18 million below its $300 million guidance confirmed in August 2007 and $5 million short of their November earnings guidance revision. During a conference call with investors that same day, so the complaint, Allscripts-Misys Healthcare Solutions finally admitted to V-11 installation delays that were likely to negatively impact sales and earnings well into 2008. The plaintiff alleges that in response to those announcements, the price of Allscripts-Misys Healthcare Solutions common shares (NYSE: MDRX) fell $4.12 per share, closing at $11.27 on February 14, 2008.


For more information please visist us at www.ShareholdersFoundation.com

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