NEW YORK, March 17, 2023 (GLOBE NEWSWIRE) — Bragar Eagel & Squire, PC, a nationally recognized shareholder rights law firm, is investigating potential claims against Veradigm Inc. MDRXTechtronic Industries Company Limited TTNDYMarathon Digital Holdings, Inc. MARAand Nutanix, Inc. NTNX. Our investigations address whether these companies have violated federal securities laws and/or engaged in other illegal business practices. For more information on each case, see the link provided.

Veradigm Inc. MDRX

On February 28, 2023, Veradigm announced that it had “identified certain internal control errors related to revenue recognition that occurred in the prior six quarters, which have resulted in a misstatement of reported revenue for those periods.” As a result, the company reported that it “expects an overall decrease in income from continuing operations of approximately $20 million from what it has otherwise reported since Q3 2021 and is expected to report in Q4 2022.” . The company added that it “continues to assess the materiality of the misstatement to determine whether the full amount of this adjustment will flow through in Q4 2022 or whether prior periods will also require an adjustment.” As a result, Veradigm revised down its 2023 guidance and said it would not file its 2022 annual report on time.

As a result of this news, Veradigm’s stock price fell $2.12 per share, or 12.76%, to close at $14.49 per share on March 1, 2023.

For more information on the Veradigm investigation, visit: https://www.bespc.com/cases/MDRX

Techtronic Industries Company Limited TTNDY

Hong Kong power tool maker Techtronics has caught the attention of U.S.-based investors by reporting semi-annual improvements in gross profit margins for ten straight years — a feat unmatched by any other $1 billion-plus public company around the world can claim for themselves.

Techtronics earnings were called into question recently in February….