NEW YORK, Jan. 9, 2014 /PRNewswire/ -- Harwood Feffer LLP (www.hfesq.com) is investigating potential claims against the board of directors of Merge Healthcare, Inc. ("Merge" or the "Company") (NASDAQ: MRGE), concerning whether the board has breached its fiduciary duties to shareholders.
On January 8, 2014, the Company disclosed that a former employee had falsified contracts, forcing it to cut its backlog of orders by more than $15 million. The problems extend back to 2012. The Company also disclosed that it had paid the employee approximately $250,000 in commissions due to the falsified contracts.
Our investigation concerns whether the Company board of directors has breached its fiduciary duties to shareholders, grossly mismanaged the Company, and/or committed abuses of control in connection with the foregoing.
If you own Merge shares and wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact:
Robert I. Harwood, Esq.
Matthew M. Houston, Esq.
Benjamin I. Sachs-Michaels, Esq.
Harwood Feffer LLP
488 Madison Avenue
New York, New York 10022
Phone Numbers: (877) 935-7400
Harwood Feffer has been representing individual and institutional investors for many years, serving as lead counsel in numerous cases in federal and state courts. Please visit the Harwood Feffer LLP website (http://www.hfesq.com) for more information about the firm.
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SOURCE Harwood Feffer LLP