Robbins Geller Rudman & Dowd LLP Announces Proposed Settlement of the Allscripts Healthcare Solutions, Inc. Securities Litigation

CHICAGO, April 30, 2015 /PRNewswire/ -- The following statement is being issued by Robbins Geller Rudman & Dowd LLP regarding the Allscripts Healthcare Solutions, Inc. Securities Litigation:

UNITED STATES DISTRICT COURT
NORTHERN DISTRICT OF ILLINOIS
EASTERN DIVISION

SUMMARY NOTICE

TO:  ALL PERSONS WHO PURCHASED THE COMMON STOCK OF ALLSCRIPTS HEALTHCARE SOLUTIONS, INC. ("ALLSCRIPTS" OR THE "COMPANY") BETWEEN NOVEMBER 8, 2010 AND APRIL 26, 2012, INCLUSIVE ("CLASS PERIOD")

YOU ARE HEREBY NOTIFIED that pursuant to an Order of the United States District Court for the Northern District of Illinois, a hearing will be held on July 22, 2015, at 9:30 a.m., before the Honorable Jorge L. Alonso, United States District Judge, at the Everett McKinley Dirksen United States Courthouse, Courtroom 1700, 219 South Dearborn Street, Chicago, IL 60604, for the purpose of determining (1) whether the proposed settlement of the Action for the sum of Nine Million Seven Hundred Fifty Thousand Dollars ($9,750,000.00) in cash should be approved by the Court as fair, reasonable, and adequate, which would result in this Action being dismissed with prejudice against the Released Persons as set forth in the Settlement Agreement dated April 1, 2015; (2) whether the Plan of Allocation of settlement proceeds is fair, reasonable, and adequate and therefore should be approved; and (3) the reasonableness of the application of Lead Counsel and Lead Plaintiffs for an award of attorneys' fees and expenses in connection with this Action, together with interest thereon.

If you purchased Allscripts common stock during the Class Period, your rights may be affected by this Action and the settlement thereof.  If you have not received a detailed Notice of Pendency and Proposed Settlement of Class Action and a copy of the Proof of Claim and Release form, you may obtain copies by writing to Allscripts Securities Litigation, Claims Administrator, c/o Gilardi & Co. LLC, P.O. Box 8040, San Rafael, CA 94912-8040, or by downloading this information at www.allscriptssecuritieslitigation.com.  If you are a Class Member, in order to share in the distribution of the Net Settlement Fund, you must submit a Proof of Claim and Release form by mail (postmarked no later than July 22, 2015) or submitted electronically no later than July 22, 2015, establishing that you are entitled to a recovery.  You will be bound by any judgment rendered in the Action unless you request to be excluded, in writing, to the above address, postmarked by July 1, 2015.

Any objection to any aspect of the settlement must be filed with the Clerk of the Court no later than July 1, 2015, and received by the following no later than July 1, 2015:

PLEASE DO NOT CONTACT THE COURT OR THE CLERK'S OFFICE REGARDING THIS NOTICE.

DATED: April 9, 2015

BY ORDER OF THE COURT
UNITED STATES DISTRICT COURT
NORTHERN DISTRICT OF ILLINOIS

SOURCE Robbins Geller Rudman & Dowd LLP